Payments Fraud Jumps to Record High: 82% of Businesses Impacted, Survey Finds

2019 AFP Payments Fraud & Control Survey, Underwritten by J.P. Morgan, finds the number of organizations hit by payments fraud jumped four percentage points from previous record high.
April 9, 2019 -- Bethesda, Md. -- Payments fraud continues to soar, as a record 82 percent of organizations reported incidents in 2018, according to the 2019 AFP Payments Fraud & Control Survey , underwritten by J.P. Morgan.
Large organizations were particularly vulnerable to payments fraud, as businesses with revenue greater than $1 billion reported a jump of seven percentage points year-over-year to 87 percent. Organizations with revenue less than $1 billion…

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