2012 Association for Financial Professionals' Payments Fraud and Control Survey

Sixty-six percent of organizations in 2011 experienced payments fraud with larger companies being the prime target

Fraud is often aimed at convenient targets of opportunity, especially big companies that handle many checks.
Fraud is often aimed at convenient targets of opportunity, especially big companies that handle many checks.

In its eighth year, the AFP Payments Fraud and Control Survey series has examined the nature and frequency of fraudulent attacks on business-to-business payments, the environment that allows those attacks to occur, and the methods that organizations use to control them. Payments fraud experienced by businesses remains persistent - 66 percent of organizations - even as it has declined over the past two years with large companies the prime target for fraudsters that target corporate payment systems.

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