Increasingly clever cybercriminals are out to take your company’s money. They’d even stoop so low as hacking you with a purchase order that looks real. For example, emails with an attachment disguised as a purchase order can contain links to a bogus site that looks real enough to trick users into sharing sensitive account information. […]
Many companies are turning to even faster payment methods, such as embedded finance solutions and banking as a service products. In fact, according to a PYMNTS report, more than four out of 10 businesses (41%) are using real-time payments to some degree. But while switching to these faster payment capabilities makes life better by making […]
The Securities and Exchange Commission (SEC) just fined a company $35 million because it didn’t maintain adequate disclosure rules for tracking workplace complaints and violated whistleblower protections for departing employees. The only problem? The SEC admits not a single employee of the company came to the SEC to complain about its practices. And there’s no […]
With remote work here to stay, A/P has to work harder to verify crucial information, such as vendor bank account numbers. Unfortunately, fraudsters are also working hard. They’ve been busy exploiting dispersed Finance teams’ increased reliance on email for routing invoices for approval, getting payments approved and collecting vendor bank account info. An easy-to-miss attack […]
Hackers love attacking via email because of how easy it is to do. That’s why an ounce of email cyber security can prevent a ton of fraud mitigation. It’s critical that all employees who accesses email on your company servers be armed with the following knowledge to prevent email cyberattacks before they end up costing […]
Cybercriminals who are out to steal your company’s money are getting smarter. Even a password that uses a capital letter, at least one number and a special character can be cracked by hackers because people tend to use the same 32 keyboard characters. One school of thought on better password security is using simple, long […]
It’s not too late to get tax relief in the form of the Employee Retention Credit that was created as part of the CARES Act in 2020, then retroactively improved and extended by additional legislation. The credit can still be claimed via an original or amended employment tax return for the period of March 13, […]
Companies’ databases, customer info and bank accounts are never safe from malicious attackers. The most common way in for cybercriminals remains via email. Email scams are getting more sophisticated, to make matters worse. Some companies’ employees are getting fooled by phishing sends that announce salary reductions and include file attachments. Recipients who click on the […]
Accounts Receivable departments need to stay on their toes for scam artists and fraudsters. Plenty of companies’ cash flows are squeezed tighter than ever these days. So the last thing you need is to accept and fill an order from a source that’s not going to pay for it. Turns out there are a few […]
