Payment Fraud Statistics
Last updated: June 2026 · 8 sourced statistics
Payments fraud hits the large majority of organizations every single year, and business email compromise (BEC) — where attackers impersonate vendors or executives to redirect payments — remains the dominant attack vector. The figures below come from the Association for Financial Professionals' annual survey, the FBI's Internet Crime Complaint Center, and FinCEN.
Key takeaways
- 79% of organizations experienced attempted or actual payments fraud in 2024 (AFP 2025 survey).
- BEC affected 74% of organizations in 2025, up from 63% the year before (AFP 2026 survey).
- FBI-reported cybercrime losses exceeded $16 billion in 2024, with BEC alone near $2.8 billion.
The statistics
79% of organizations were victims of attempted or actual payments fraud in 2024, per the 2025 AFP Payments Fraud and Control Survey.
Source:AFP Payments Fraud and Control Survey2025
Business email compromise was the No. 1 fraud vector in 2024, cited by 63% of AFP survey respondents.
Source:AFP Payments Fraud and Control Survey2025
76% of US organizations experienced attempted or actual payments fraud in 2025, and BEC affected 74% — per AFP's 2026 survey.
Source:AFP Payments Fraud and Control Survey2026
FBI-reported cybercrime losses surpassed $16 billion in 2024, per the Internet Crime Complaint Center's annual report.
Source:FBI Internet Crime Complaint Center (IC3)2025
Reported BEC losses were close to $2.8 billion in the FBI's most recent annual tally — among the costliest categories of cybercrime.
Source:FBI IC3 Annual Report2025
Average reported losses per BEC incident run well into six figures, based on IC3 complaint data.
Source:FBI IC3 Annual Report2024
Check-fraud suspicious activity reports filed with FinCEN roughly doubled in a single year — from about 350,000 in 2021 to around 680,000 in 2022 — prompting a national alert.
Source:FinCEN Alert on Check Fraud2023
Checks remain the payment method most vulnerable to fraud, cited by roughly two-thirds of organizations in AFP's annual surveys.
Source:AFP Payments Fraud and Control Survey2024
Methodology & sources
Compiled June 2026 from AFP's annual Payments Fraud and Control Survey (2025 and 2026 editions), FBI IC3 annual reports, and FinCEN alerts. Figures describe the most recent reporting period named in each entry; consult the linked sources for current-year data.
Frequently asked questions
What share of companies experience payment fraud?
Roughly three-quarters to four-fifths of organizations report attempted or actual payments fraud each year — 79% in 2024 and 76% in 2025, per AFP's annual surveys.
What is the most common type of payment fraud?
Business email compromise (BEC) — attackers impersonating vendors or executives to redirect payments. It affected 74% of organizations in 2025 (AFP).
How much money is lost to payment fraud?
The FBI's IC3 logged over $16 billion in reported cybercrime losses in 2024, with BEC near $2.8 billion — and reported losses understate the true total.
Related statistics
Stop becoming a late-payment statistic
Create professional invoices in seconds and track every payment — free to start.
Try InvoiceQuickly Free