Corporate Payments Fraud Hits Record Levels


More companies than ever before fell victim to payments fraud last year, according to new data.

Research from the Association for Financial Professionals (AFP), outlined in its 2017 AFP Payments Fraud Survey, revealed what the AFP described as a “dramatic” increase in payments fraud hitting businesses compared to 2015.

According to the report, 75 percent of the companies hit by payments fraud fell victim to check fraud — up from 71 percent in 2015.

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