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How Financial Institutions Can Combat Business Email Compromise (BEC)

Fi911

Business email compromise attacks cost organizations $2.4 Attackers compromise vendor email accounts, then send updated banking instructions just before scheduled payments. By the time anyone notices, funds have moved through multiple accounts and jurisdictions. Continuous monitoring catches compromises early.

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PayDo Releases Team Members Feature for Business Accounts

Fintech Finance

This upgrade to their Business Accounts was designed to help companies manage financial operations collaboratively. The new feature allows account owners to assign role-based permissions, verify users, streamline approval chains, and stay informed in real time—all within a single PayDo Business Account.

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PayDo ‘Team Members’ Ensures All Teams in a Firm on the Same Page Without Compromising Efficiency

The Fintech Times

The new PayDo offering will act as an upgrade to the Business Accounts offering, which previously only allowed for one business account per company, in turn giving organisations greater control, security and efficiency.

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Cyber Threats Surge in India’s Financial Sector

Fintech News

The technology is enabling large scale impersonation scams, including executive-level business email compromise (BEC) attacks and misinformation campaigns. They grant access to critical systems like single sign-on platforms, virtual private networks (VPNs), email accounts, and software-as-a-service (SaaS) applications.

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What Are AI Agents? A Practical Guide for Accounting Teams

FloQast

In an industry facing an extreme talent shortage, combined with rapidly evolving technology, Artificial Intelligence (AI) agents should be a top priority for all accounting departments to evaluate this year. Use Cases of AI Agents AI in accounting is not new, although there have been significant advancements in recent years.

AI
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Eftsure Joins Nacha as Preferred Partner to Strengthen ACH Payment Security

Trade Credit & Liquidity Management

Eftsure is designated as a Preferred Partner in three critical categories: Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. This approach helps prevent common threats such as business email compromise (BEC), fake invoices, insider scams, and duplicate payments.

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

However, as payment services rely more heavily on these AI technologies, they face a growing challenge: how to harness the power of LLMs without compromising data privacy. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers.