Payments fraud is a key issue for treasury professionals as it relates to disbursements. Because of the nature of companies’ disbursement activities, they will always be a target for fraud, both internal and external. Collaborating with partners; adopting robust processes, controls and audit trails; and educating employees can help protect against the risk of fraud. MORE.
AFP Payments Fraud and Control Survey
The 2024 AFP® Payments Fraud and Control Survey Report documents 80% of organizations were victims of payments fraud attacks/attempts in 2023. This is a 15-percentage point increase over the previous year. Over 500 treasury practitioners participated in this survey and their responses form the basis of this report. The survey, now in its 20th year, is underwritten by Truist.
-
2024 AFP Payments Fraud and Control Survey Report
Underwritten by Truist
-
2023 AFP Risk Survey
Supported by Marsh McLennan
-
Combating Fraud in a Remote Working Environment
Underwritten by MUFG
So You've Been Hacked, What Now?
Fortifying AP Against Ever-Evolving B2B Payment Fraud
Recent Articles
-
Jan 29, 2025
Managing Vendors to Prevent Fraud
No matter how sophisticated fraud solutions become, payments fraud still runs rampant in the business world. The 2024 AFP® Payments Fraud and Control Survey Report found that 80% of organizations experienced actual or attempted fraud in 2023 — an increase of 15 percentage points since the previous year. Thirty percent of those organizations were unable to recover the funds they lost.Learn More -
Dec 19, 2024
3 Ways AI Will Impact the Payments World in 2025
While no one knows for sure what developments will have the biggest impact, it’s safe to assume that artificial intelligence (AI) will play a key role in payments in the new year — for better or for worse.Learn More -
Dec 11, 2024
A Multi-layered Approach to Combatting Payments Fraud
During an AFP webinar, industry experts discussed how things have changed since results from the 2024 AFP Payment Fraud and Control Survey, underwritten by Truist, were reported. There are new fraud trends, as well as methods organizations are taking to combat them.Learn More
Featured Content
AFP Continuing Education Quizzes
AFP provides CE Content Quizzes designed for CTP, CCM and FPAC credential holders, offering them an opportunity to assess their knowledge of industry topics through AFP publications.
Payments Fraud 2023/2024
As finance professionals, we must be ever vigilant against the schemes that could undermine our company or our career. In this series, we will cover the categories of fraud that we see around payments and provide some best practices on how to detect and prevent your company for unwittingly being caught up in one of these ploys.