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., 75 percent of organizations reported attempted or actual payments fraud in 2008. Fraud conducted through ACH debits was reported by 28 percent of these organizations and 17 percent incurred a financial loss due to ACH 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: