Cybersecurity and Fraud Protection
Keeping Pace with Payments Fraud Threats
Commercial Banking’s Alec Grant writes in PaymentsSource about payments fraud trends, the rising threat of business email compromise (BEC) and prevention strategies.
The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey shows that payments fraud remains a salient threat and dire reality for nearly all businesses. But as Alec Grant, Head of Client Fraud Prevention for Commercial Banking writes in PaymentsSource, “More than ever before, companies can fight back with enhanced controls, improved processes and increased vigilance among employees.