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Blame it on the economy. Chalk it up to desperation or poor ethics. No matter the reason, checks remain the payment type most vulnerable to fraud attacks.
To provide some perspective, more than 5,000 corporate practitioners participated in the 2012 AFP Payments Fraud and Control Survey. Approximately 85 percent of affected organizations reported that checks were targeted, while 14 percent of the organizations that were victims of at least one attempt of check fraud during 2011 suffered a financial loss.
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Elise Hacking Carr
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Elise Hacking Carr is senior production editor for Print & Promo Marketing magazine, and managing editor for PRINTING United Journal.
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