Remove Email Compromise Remove FBI Remove Risk Mitigation
article thumbnail

Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

Faster Payments Risk-Mitigating Capabilities. While faster payments require heightened awareness and preparation for potential risks, they also equip these companies with capabilities to mitigate some risks. 2016, according to the FBI. billion, the FBI reported. 2013 and Feb. A whopping $2.3

article thumbnail

Procurement Is Ground Zero For Cybersecurity Protection

PYMNTS

For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam. billion worth of corporate funds at risk. 2013, resulting in $3.1

article thumbnail

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

CB Insights

It’s assumed that lasting contact and interaction was the main reason for the spread, underscoring the importance of social distancing between employees as a primary risk mitigation strategy in reopened offices. ” Instances of intrusion were so frequent that the FBI issued a warning about the phenomenon.