Survey Research & Economic Data

2020 AFP Payments Fraud and Control Survey

RSCH-20-PaymentsFraudAndControlSurvey-PgHdr

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The 2020 AFP Payments Fraud & Control Survey findings report that 81 percent of organizations were targets of payments fraud in 2019. This is the second highest percentage of reported fraud attacks/attempts since 2009, with the most often reported source of payments fraud attacks being Business Email Compromise (BEC). To combat the rise in payments fraud, nearly 60 percent of organizations have a fraud policy in place and financial leaders at 80 percent of organizations are educating and training employees on BEC so that they can detect a fraud attack.

AFP thanks J.P. Morgan for its underwriting support of this year’s Payments Fraud and Control Survey.

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View Interactive Findings View AFP Fraud Policy Template

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AFP Payments Fraud Dashboard:

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Access the AFP Payments Fraud Dashboard.

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Contact pr@afponline.org or call 301.907.2862 for more in-depth information, to read the full report or to arrange an interview with AFP Research.
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Questions about this subject?
Contact Tom Hunt, Director of Treasury Services at AFP.