Payments fraud is at an all-time high, according to the latest Association of Finance Professionals Payments Fraud and Control Survey.
A new record was set in 2017 with 78% of all organizations surveyed being touched by some type of payments fraud. So, how does that break out by payment category?
- Checks 74%
- Wire transfers 48%
- Commercial credit cards 30%
- ACH debits 28%
- ACH credits 13%