Remove 2017 Remove Continuity Remove Email Compromise
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Paper Checks, Email Fraud Top Enterprise Security Threats

PYMNTS

Mike Vigue, vice president, product strategy, cyberfraud and risk management at B2B payments firm Bottomline Technologies , warns that ongoing use of paper checks, fraudulent emails and general ignorance of cyberthreats will continue to place businesses — and their payment activities — at the center of thieves’ targets.

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Checks, Spreadsheets Expose Firms To Growing Fraud Risk

PYMNTS

Corporate fraud continues to plague businesses large and small, and in this week’s B2B fraud tracker, many of the latest cases of nefarious activity within the enterprise can be traced back to the continued use of paper and legacy systems. The biggest story this past week, of course, was the revelation that as much as $2.1

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Corporate Payments Fraud Jumps Despite Stronger Internal Controls

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While corporates are adopting stronger internal controls to combat the threat of payments fraud, new data from the Association for Financial Professionals (AFP) reveals the number of incidents has continued to climb to new heights.

AFP
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Surprise: The C-Suite Falls For Invoice Scams The Most

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Employees certainly need more training to be able to detect a business email compromise (BEC) when they see one. Here’s the problem: The professional who falls victim to eInvoice scams like the business email compromise is, more often than not, a C-Suite executive. Additional Attacks Putting the Enterprise at Risk.

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Oracle: Overcoming ERP-AP Integration Inertia

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The share of companies reporting fraud experiences jumped to 60 percent this year, according to a survey by Bottomline Technologies and Strategic Treasurer of more than 350 global corporate practitioners and bankers, up from 40 percent in 2017.

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From The Phone To Email: How Scammers Hit SMBs

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Frosh issued a warning to the state’s small business (SMB) owners last week, he shed light on the fact that, despite business owners’ rising focus on cyberattacks, some scammers continue to use legacy tactics to target their victims. AG Frosh’s warning pertained to a specific small-business cybersecurity threat.

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Treasurers Overconfident On Cyber Defenses

PYMNTS

Jeffery said he is “pretty happy” with the finding that treasurers are investing in security, and that many will continue to do so in the coming two to three years, particularly as they implement new systems and tools, like faster payments , that demand a more sophisticated approach to security.