At UMB, security of your data and payment transactions is a high priority. In recent months, the financial industry has seen an increase in ACH payments fraud through malicious software, such as malware and spyware, installed on company computers.
In a study conducted by the Association for Financial Professionals, Inc., a record high 78 percent of organizations reported attempted or actual payments fraud in 2017. Fraud conducted through ACH debits was reported by 28 percent of these organizations and 13 percent were subject to ACH credit fraud.
UMB offers a variety of fraud prevention products and services to help you defend your company against fraud. Click the links below to learn more about malware and spyware as well as: