Remove 2022 Remove Compromise Remove Email Compromise
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52% of Firms Assign Operational Technology Cybersecurity to Executives

Fintech News

According to the report, 52% of organisations have placed OT cybersecurity oversight under the Chief Information Security Officer (CISO) or another senior executive, a significant increase from 16% in 2022. The implementation of cybersecurity best practices continues to positively influence outcomes.

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What is Business Email Compromise (BEC)?

Nanonets

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

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What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

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Oracle: Overcoming ERP-AP Integration Inertia

PYMNTS

The uptick in fraud, such as the Business Email Compromise, has continued to target areas like bank transactions, despite firms’ increased spending on anti-fraud measures, the survey found. AP departments are the prime targets of bad actors, and automating AP processes poses a strong defense against criminal breaches.

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Deep Dive: Why Businesses Are Seeking New Technologies To Optimize Cross-Border B2B Payments During The Pandemic

PYMNTS

One recent report projected that the value of B2B cross-border transactions would reach $27 trillion by the end of 2020 — below initial estimates — but will likely hit $35 trillion in 2022. Fraudsters perpetrating these schemes send emails that convince firms to wire money into fraudulent accounts. companies losing roughly $1.77

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5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

Tue, 12/20/2022 - 10:20. As I look back on 2022, I’m reluctant to lean too far into predictions for 2023. Given the regulatory winds in 2022, FIs can expect more intervention in 2023, although they are taking steps already to stay one step ahead of the regulators. In closing, let me reprise my advice from my 2022 predictions.

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Reopening: The Tech-Enabled Office In A Post-Covid World

CB Insights

However, as an unprecedented portion of the workforce has been relegated to working from home, IT teams have faced new challenges, from less than optimal at-home network security to more targeted business email compromise schemes. Global cybersecurity spending is forecasted to reach $134B by 2022.