The Association for Financial Professionals' annual survey highlights a significant rise in payment fraud, with 80 percent of businesses falling victim in 2023, particularly through checks and ACH credits. In an interview with W&C Group Publisher Jill Bloom, Thea Dudley discusses these findings and offers roofing contractors practical advice on enhancing their financial security, including cyber security training and using payment portals. Despite the alarming statistics, there is hope, as 41 percent of fraud victims managed to recover most of their lost funds.

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