Updating internal Fraud

Updating Internal Controls to Mitigate the Risk of Disbursements Fraud

July 25, 2023By Dennis Mullin

Payments fraud is as old as the first payment. From stagecoach robberies in the 1800s to the near doubling of reports in check fraud over the last year, thieves will always creatively test the integrity of payment systems. The advent of digital disbursements and real-time funding have only upped the stakes in the fight against fraudsters because funds cannot easily be clawed back, shifting more of the liability to the senders of funds rather than…

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