78% of treasury and finance professionals were hit by payments fraud in 2017.
In their 2018 survey held among nearly 700 treasury and finance professionals, the Association for Financial Professionals (AFP) found out that a record high 78% of respondents had been hit by payments fraud in 2017.
The Association of Certified Fraud Examiners (ACFE) has reported that the median loss per business due to fraud was $150,000.00 with the vast majority coming from financial statement loss.
Source: MIB
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