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52% of Firms Assign Operational Technology Cybersecurity to Executives

Fintech News

Strengthened cyber hygiene, increased employee awareness and improved training programmes have led to a reduction in business email compromise attacks. 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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How B2B Payments Fraud Hides Within The Enterprise

PYMNTS

Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. ” $4.13

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.

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Paper Checks, Email Fraud Top Enterprise Security Threats

PYMNTS

But, Vigue added, 2017 will be a year of continued innovation in the technology that can prevent, detect and mitigate a corporate cyberattack. 2017 will see a continued rise in cybersecurity threats particularly around business email compromise , ransomware and malicious insiders. In addition, the battlefield is evolving.

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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

As Travelex works to regain control of its systems, restore operations and mitigate any future fallout from the incident, the cyberattack is yet another reminder that one company’s cyber vulnerabilities can have far-reaching effects throughout the B2B supply chain.

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