While check fraud declined a bit last year, there was amarked pick-up in fraud involving credit and debit cards, accordingto the Association for Financial Professionals' annual survey of payment fraud.
Sixty percent of the almost 450 corporate finance practitionerswho responded to the AFP survey said their company experiencedfraud or attempted fraud involving payments last year, littlechanged from 61% in 2012. The portion of companies experiencingattempted or actual payment fraud has fallen in recent years from apeak of 73% in 2009.
Magnus Carlsson, AFP's manager of treasury and payments,suggested the decrease reflects the decline in the use of checksthat occurred over the same time frame. “Since fraud is so high onchecks, any little movement in check use should have a greatereffect when it comes to fraud,” Carlsson said.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
