Human error and BEC are a prominent sources of payment fraud

28% of respondents stated their organization experienced business payment fraud. 22% were uncertain if their organization experienced business payment fraud.

Respondents reported contending with business payment fraud threats such as human error (50%), business email compromise (42%), social engineering (around 20%), and employee collusion (around 16%).

32% automate payment processes whereas most (41%) only automate some aspects of the payment process. 27% still depend on manual operations.

Read at Securitymagazine