162. Payments Fraud Continues to Surge. Why?

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By Ira Apfel, Association for Financial Professionals: Treasury, and Finance Professional. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Payments fraud reached a new high last year. Again.

According to the 2019 AFP Payments Fraud & Control Survey, 82 percent of organizations reported payments fraud incidents in 2018. That beat the previous high of 78 percent set in 2017.

As always, the AFP Payments Fraud & Control Survey is underwritten by J.P. Morgan.

You can download the entire report at AFPonline.org/paymentsfraud.

Why is payments fraud reaching new heights every year despite so much attention and millions of dollars spent on law enforcement, training and tech solutions? AFP Conversations host Ira Apfel talked to Magnus Carlsson to find out.

Carlsson is the manager of treasury and payments with AFP, and he’s a former payments executive for Volvo. He’s a recognized payments industry expert, and he’s spoken about payments fraud at conferences around the world.

AFP 2019, this October in Boston, is where treasury and finance professionals separate the hype from the reality. Visit www.afp2019.org/register to sign up and use discount code PODCASTAFP2019 at checkout to save $100.

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