Fraud Prevention Tools

Cybercrime: Commonsense Precautions to Protect your Organization


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Treasury Management Client Care

Payments Fraud

Warnings about identity theft and tips to protect your personal bank accounts are everywhere, but little fuss is made about business owners protecting their accounts against fraudulent activity.

Payment fraud continues to be a major challenge for businesses and banks alike, regardless of size or industry. While the most common type of fraudulent occurrence is check fraud, ACH debits have also been used as a vehicle to perpetrate crime.

As a PNC corporate client, you enjoy convenient access to a number of effective and reliable tools that will help you limit losses from check and ACH fraud.

2015 Association for Financial Professionals (AFP) Payments Fraud and Control Survey

Data and payment breaches are increasingly more common and vital business, financial and per­sonal data are being compromised. Malicious fraudsters are using more sophisticated techniques to circumvent various payment systems and target companies and their customers. Even when these criminals are unsuccessful in accessing direct funds, they often have been able to access confidential personal data, allowing them to steal identities of unsuspecting individuals and initiate other elaborate fraud attacks and breach even more secure payment methods.

Finance professionals realize how critical it is to keep their organizations’ information secure and, as much as possible, prevent breaches of company payment systems. The costs of reme­diating the impact from payments fraud can be exorbitant and have long-term effects on those companies that fall victim to such malicious attacks.

Results from the 2015 AFP Payments Fraud and Control Survey reveal key trends in the pay­ments fraud area.[1]

2015 AFP Payments Fraud and Control Survey - Report of Survey Results

Tools to Help You Prevent Fraud

Important Legal Disclosures and Information

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