Learn More About Best Practices to Help Mitigate Business Fraud

BUSINESS EMAIL COMPROMISE (BEC) scams are still highly prevalent and are the root cause of payment fraud. Seventy-one percent of organizations experienced attempted or actual BEC1 . Larger organizations (annual revenue of over $1 billion) were the most susceptible to BEC scams and payment fraud as a result of executive and vendor impersonation. Smaller companies still see instances of BEC but were more likely to be frauded by emails from individuals outside of their organization.

2023 AFP Payments, Fraud and Control Report
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