Study: Check Fraud Still Prevalent For U.S. Organizations

By  |  March 20, 2013
 | 

Check fraud is still a prevalent security risk for many organizations, according to a recent Association for Financial Professionals study.

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    The study found that 50 percent of organizations cite between one-to-five check fraud attempts in the past year, while 15 percent have reported between six and 10 and 22 percent have cited at least 20 cases, notes The Paypers.

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    The same study found that overall, 61 percent of organizations have seen attempted or actual payments fraud in 2012, down 66 percent from 2011.

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