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Financial Industry Anticipates Payment Fraud Spike

Financial Industry Anticipates Payment Fraud Spike

June 13, 2016

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The majority of financial professionals worry that payments fraud will emerge as a major threat to their industry over the next two- to three years, according to a new report.

Nearly 90% of respondents to a recent TD Bank survey believe payments fraud will become a bigger threat to the financial services sector over the next two- to three years. Just 9% of respondents believed the threat will be under control relatively soon.

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