AvidXchange and the Institute of Finance & Management (IOFM) conducted a survey of IOFM members to understand their concerns about payment fraud, the financial impact of it and how finance departments can better safeguard their accounts payable (AP) processes against it.
In this infographic, we share some of the most interesting statistics discovered in our “The State of B2B Payment Security in 2024” report . This includes information on financial losses from payment fraud, which payment methods are the most fraud-prone and popular mitigation tools.
For more information on this report, check out the article, “B2B Payment Fraud: How AP Departments Can Reduce Risk.”