Business owners increasingly worry about payment fraud, survey finds

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Small businesses are increasingly concerned about payment fraud.

FILE - People working at a gelato shop serve customers in New York on February 18, 2024. Small businesses are increasingly concerned about payment fraud according to a survey from regional bank KeyBank.

The top concern among survey participants was payment fraud of various types. Forty-four percent were worried about unauthorized transactions or unauthorized electric fund transfers; 37% were concerned about identity theft; 28% said malware and ransomware attacks were their biggest concern; and 27% were worried about phishing and email scams.

 

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