US companies are still paying part of the high incidence of fraud News Channel _ _ net _ Chinese accounting perspective needed to accountants - CPA | Certified Tax | Accounting titles | Senior Accountant | Accounting practitioners

News: The Association of Professionals (AFP) noted that 74% of financial professionals have reported that their company suffered payment fraud in 2016. From 2009 to 2013, the percentage of organizations that faced fraudulent frauds or actually paid frauds declined; but in 2014, this percentage rose, and last year was the peak of more than a decade. AFP carried out the Thirteenth Payment Fraud in January 2017 Annual survey ", respondents from different sizes of organizations and different industries .74% of respondents said their own companies have faced payment fraud attempts or actually suffer payment fraud, the proportion has increased, and in 2015 and Compared with 73% and 62% respectively in 2014. In terms of fraud, 75 per cent of organizations suffered last year Fraud, 46% of the institutions become The target of fraud. Other forms of payment that are often used by fraud include business and business Account (32%), US auto Center (ACH) debit (withdrawn funds, 30%) and ACH credits (deposited funds, 11%). AFP wrote in its report: "Yes As a matter of fact, payment fraud is now at its highest level in history Disturbing. It shows that the organization can not take care of the threat of payment fraud. " One of the reasons for the full growth of payment fraud may be that many fraudulent attacks were initiated by a corporate e-mail (BEC), the US Federal Bureau of Investigation (F ) Called it "a fraudulent e-mail, which, through social engineering or computer hacking techniques, disguises itself as a legitimate corporate e-mail account, and then implements unauthorized transfer of funds". 547 business people participated in the AFP survey, of which 52% of respondents said that the company suffered payment fraud is implemented through the BEC attack. In the year BECs are more common in large organizations with billions of dollars or more and more than 100 payment accounts. AFP pointed out that companies want to prevent BEC fraud, the practice is actually "very simple": "financial team and executives need to communicate with BEC staff to explain the need to pay attention to matters, and always urge employees to make any payment Behavior must be carefully checked, such as the implementation of double verification, that is, in the absence of a second person signed the case, the relevant transaction can not be authorized in view of BEC fraud involving the collar It is equally important that companies need to develop solutions for different scenarios, such as changes in payment information from external suppliers. In many cases, the authenticity of the information can only be verified by making a phone call to a credible telephone number recorded. Many business people reflect that their organization is taking positive steps to guard against BEC fraud. Of the respondents surveyed, 71% said the organization had implemented control measures to prevent BEC fraud; another 10% said the organization was determining the relevant control measures needed to protect itself. Perhaps because of it Some of the control measures have played a role, for most companies, they suffered in 2016 various types of payment fraud The amount is relatively small. 14% of respondents said that the organization did not suffer any loss. 25% of respondents reported that the organization suffered more than $ 25,000 in fraud payments last year; 32% said the loss was between $ 25,000 and $ 249,999; 29% Of the respondents said the loss amount of more than 250,000 US dollars. AFP notes that while BEC fraud is becoming an increasingly common form of fraud, check payments are still the most vulnerable forms of fraud. As with BEC, the finance department is using a variety of ways to guard against fraud. Among them, the "positive pay check" (Positive pay, a paid service) the most widely used (74% of the organization), but the company also uses "account separation" (69%) and daily (64%) and other methods. In addition, in the fight against check fraud, some physical security measures can also play an effective role. In the AFP survey, 59% of respondents considered the "VOID" function (if the check was scanned or copied, the word "VOID" would appear on the scan or copy) to prevent fraud. Respondents also pointed out that some other effective security measures include two-color anti-counterfeit watermark and micro-printing (a fine print version, difficult to copy, only to read when the amplification), the two methods in more than one-third of the Visit the organization to adopt. AFP pointed out that other effective measures mentioned by the respondents included "customized controlled raw paper, chemical cleaning test box, chemical reaction paper, heat sensitive ink and so on. Proofreading April 14, 2017 13:41 release, reproduced please specify the source and author. Original link: