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
Payment Fraud in US Businesses

 

Why remote working breeds fraud opportunities

Insider Fraud and Collusion Statistics

 

The soaring of fraud losses continues
Fraud losses in UK and US companies

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"

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