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

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

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.

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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