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79% of organizations hit by payment fraud in 2024

Paper checks most targeted payment method

Bank Automation News, AI-assistedbyBank Automation News, AI-assisted
April 15, 2025
in Risk & Security
Reading Time: 1 min read
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Seventy-nine percent of organizations experienced attempted or actual payments fraud in 2024, underscoring the persistent threat of financial fraud. Just 22% of organizations that experienced payments fraud were able to recover 75% or more of lost funds, the Association for Financial Professionals said today in a release referencing data from its 2025 AFP Payments Fraud […]

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