PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Occupational Fraud Schemes in Banking and Financial Services:

By PaymentsJournal
April 22, 2022
in Fraud & Security, Fraud Risk and Analytics, Truth In Data
0
0
SHARES
0
VIEWS
Share on LinkedIn

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left of your screen to receive notifications as soon as the episode publishes.

Data for today’s episode is provided by Mercator Advisory Group’s Report: The Cost of Fraud: B2B Payments Experience 10% Increase During the Pandemic

Occupational Fraud Schemes in Banking and Financial Services:

  • 40% of surveyed banking or financial services organizations experienced fraud due to corruption.
  • 18% of surveyed banking or financial services organizations experienced cash on hand fraud schemes.
  • 10% of surveyed banking or financial services organizations experienced financial statement fraud.
  • 10% of surveyed banking or financial services organizations experienced noncash fraud.
  • 10% of surveyed banking or financial services organizations experienced cash larceny.
  • 10% of surveyed banking or financial services organizations experienced fraud due to skimming.

About Report

Mercator Advisory Group released a report covering fraud in commercial payments titled The Cost of Fraud: B2B Payments Experience 10% Increase During the Pandemic. The research explores the impact of fraud with particular emphasis on the B2B payments space. Through an analysis of internal and external fraud, one can gain a deeper understanding of the most common types of fraud schemes, what payment types are subject to the most payments fraud, and how the industry is fighting back. The report also explores the rise in business email compromise (BEC) fraud and new ways that fraudsters are targeting organizations.

“As fraudsters continue to adapt to ever-changing payment trends, organizations must be ready to defend their bottom lines,” comments Ben Danner, Analyst, at Mercator Advisory Group, and the author of the research report. “Organizations can perform several technological and non-technological interventions to combat this rising problem.”

0
SHARES
0
VIEWS
Share on LinkedIn
Tags: B2BB2B PaymentsBankBankingBanksFinancial ServicesFraudFraud Risk and AnalyticsTruth In Data

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    agentic payments governance

    From Know Your Agent to Govern Your Agent: Building the Control Layer for B2B Agentic Payments

    November 10, 2026
    merchant management APIs

    How Merchant Management APIs Are Streamlining Operations

    November 9, 2026
    digital wallet threats

    Why Digital Wallet Security Is Becoming More Complex

    November 6, 2026
    faster payments, Synchrony

    Just How Large Is the Potential Market for Stablecoins?

    November 5, 2026
    agentic commerce strategy

    Will There Be a First-Mover Advantage in Agentic Commerce?

    November 4, 2026
    embedded finance for isvs

    Embedded Finance Is Reshaping the Growth Strategy for Software Companies

    November 3, 2026
    stripe privy

    With Agentic Commerce, the Wallet Will Be as Important as the Bot

    November 2, 2026
    fraud consortium

    Why Breaking Down Data-Sharing Barriers Is Critical to Fighting Fraud

    October 30, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result