A US mineral development company fell victim to a sophisticated Business Email Compromise (BEC) attack, resulting in a misdirected vendor payment of approximately $500,000. This incident highlights the growing threat of BEC attacks, which have caused $55 billion in losses over the past decade, with AI-powered tactics making these scams increasingly difficult to detect and prevent.
In this final chapter of our Errors Everywhere series we examine a trio of errors wreaking havoc on B2B payments: late, lost and wrong payments.
Overpayments happen, but they shouldn't. Learn why they happen and how AI technology can mitigate future risks to prevent them.
Too many finance teams are getting duped by duplicate payments to vendors. Find out why double payments happen and how to avoid them.
Here's an overview of a few steps within the business payment cycle, and the attack surfaces each step introduces.
Discover how the business payment cycle works and how its siloed and manual nature introduces numerous gaps that cyberattackers can leverage.
This post examines how the new CPA exam will enable finance teams to further support the security strategy at companies.
This post examines how the changes to the CPA exam will transform and strengthen the relationship between finance and security teams.
Here are four of the primary trends we expect to see emerge, evolve, and explode in 2024 at the convergence of cybersecurity and fintech.
Can you tell the difference between a fraudulent financial document and a real one? Take our Fraud or Not quiz and find out!
The vendor supply chain is particularly vulnerable to attack and the current approach to protecting the supply chain isn't working.
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