Know Your Enemy
Celebrity blunders and political scandals arguably are comedy gold. But the climbing rate of check fraud is one hot topic that's no joke.
The 2011 AFP (Association for Finance Professionals) Payments Fraud and Control Survey showed 71 percent of the participating organizations experienced attempted or actual payments fraud in 2010. Checks by far were the primary payment form targeted by criminals. According to the survey, an astounding 93 percent of affected organizations reported their checks had been targeted. To provide some perspective, the percentages of organizations affected by alternate methods of payment fraud were: