Top 6 Action Steps to Reduce Payments Fraud

One of the reasons fraud has hit new heights may be that there has been a strong period of growth – and disruption. As rapid growth boosts the number of transactions a company handles, and disruption causes a certain amount of uncertainty, new opportunities to commit fraud arise.

Controls are often bypassed or overridden as current staff struggle to manage increased workloads, while new hires take advantage of lax recruitment practices put in place to fill positions quickly.