article thumbnail

Combating Business Email Compromise (BEC) Attacks: Best Practices and the Role of Self-Service Supplier Portals

Payments Next

Among these The post Combating Business Email Compromise (BEC) Attacks: Best Practices and the Role of Self-Service Supplier Portals first appeared on Payments NEXT. By Phil Binkow, CEO, Financial Operations Networks (FONS) Organizations are under siege from bad actors determined to commit payment fraud.

article thumbnail

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. Multi-factor authentication protects against credential compromise but must extend beyond employee accounts. Continuous monitoring catches compromises early.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

Fintech News

These examples highlight Mandala’s ability to support transparency and regulatory oversight without compromising transaction speed. ” The post BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance appeared first on Fintech Singapore.

article thumbnail

Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations

Fintech News

This will enable collaborative intelligence without compromising the privacy or security of sensitive financial data. Featured image credit: Edited from Freepik The post Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations appeared first on Fintech Singapore.

article thumbnail

Introducing Adyen Uplift: The Payment Solution Optimizing Every Transaction With AI

Fintech Finance

They constantly need to compromise between conversion, fraud, and cost. Balancing risk management, driving conversion, and minimizing cost has always required ineffective compromises until now said Carlo Bruno, VP of Product at Adyen. Thanks to Adyen Uplift, businesses can optimize the full payments funnel with AI.

AI
article thumbnail

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

The Fintech Times

Andrii Faier, product manager at PayDo We designed the Team Members Feature with one goal in mind: to empower businesses to manage finances collaboratively without compromising on control or compliance, said Andrii Faier , product manager at PayDo.

article thumbnail

Finastra Confirms Breach Amid Hacker’s 400GB Data Theft Claim

Fintech News

The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data. Currently, Finastra is unable to disclose the number of affected customers or the precise nature of the compromised data.