The short answer to this is no! We turn to the Changes in Fraud U.S. Payments Fraud Survey from 2016-2018 by the Federal Reserve which concludes that:
ACH payments had the lowest fraud rate, by value, among the payment types, remaining flat at 0.08 basis points in 2012 and 2015. (8 basis points is 8 cents for every $10,000)
Payments providers have increasingly introduced technological innovations to mitigate fraud or to add convenience, security, and other potential improvements to the payment experience.
The findings show that, while vulnerabilities exist—and specific experiences are likely to vary substantially from the overall picture—the U.S. payments system, in the aggregate, is resilient and responsive with respect to payments fraud vulnerabilities