2019 AFP Fraud Survey: Criminals Target ACH Credits

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Magnus Carlsson, Manager of Treasury and Payments for AFP, discusses the key findings of the 2019 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan.

Fraud continues to increase overall, with a sharp spike in ACH (Automated Clearing House) fraud. While wire transfers and checks are the most common payment methods used in business email compromise (BEC) scams, ACH credits are now being targeted much more frequently by fraudsters.