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Payments Fraud Prevention in 2024: A Practical Guide

Payments Fraud Prevention in 2024: A Practical Guide

In today’s digital landscape, where escalating B2B payment fraud impacts 87%
of large corporations and incurs billions in losses through sophisticated
methods like deep fake AI, the importance of robust security strategies for your
company’s daily operations cannot be overstated.

You may already be familiar with some of the steps outlined in this guide, or
even be implementing them, but we’ve compiled a comprehensive checklist to
encompass all stages and tips we suggest you put in place in your
organization’s financial processes. This aims to offer additional tips to enhance
the protection of your payments against fraud.
Given the alarming risk of losing 2-5% of annual revenue to such threats,
having a well-rounded plan is essential.