Payments Barometer Report statistics show that businesses are still fearful of financial crime.
This infographic contains exclusive statistics from the 2022 Business Payments Barometer report, that includes research from over 1,600 businesses across Great Britain and the United States.
This research is crucial for financial institutions as it helps to understand their business clients’ experiences and priorities when it comes to dealing with and preventing payments fraud. Some highlights include:
What's driving change
Why remote working breeds fraud opportunities
The soaring of fraud losses continues
Top 3 fraud concerns for US finance professionals
67%
Insider Fraud and Collusion
When employees misuse their position for personal gain by personal or confidential data.
68%
Push payment fraud
When consumers are coerced into transferring money from their own bank accounts to a fraudulent account - a rampant and a growing industry concern.
71%
External cyberattack
An attack from outside of the organization and an attempt to access unauthorized networks
"37% of US businesses fell victim to payment fraud this past year"