There is a good reason why everyone in business and commercial banking is talking about payment fraud. Payment fraud is becoming more sophisticated and security breaches at companies are increasing - which puts their financial institutions at risk. According to recent research conducted by the Association for Financial Professionals (AFP), 73% of business experienced actual or attempted payment fraud in 2015. Breaches within a business create increased risk for commercial banks as fraudulent transactions flow through the bank's payment systems. Anyone in financial services should have a good understanding of the state of payment fraud today.
Download our infographic to learn:
- How payment fraud risks are increasing
- What types of threats are growing fastest
- How to better protect your institution