Good news: Many of your vendors moved from check payments to ACH. Bad news: Criminals will try to find a way to hijack money that’s supposed to go to them by changing or stealing their banking info. Vulnerabilities that contribute to fraud include unencrypted email communication and A/P departments that are so busy that verifying […]
Got an Excel attachment in your email? Double-check it before downloading – it could be infected with malware. In its 2021 Q4 Threat Insights Report, HP’s Wolf Security service detected a dramatic 588% surge in computer and network malware infections involving Excel add-in files that end in .XLL. Double-clicking these attachments or links opens Excel, […]
It’s crucial to be aware of cyberthreats to your business. Crooks keep looking for new ways to fool finance pros into giving them access to company data and money. Inc.com reports a study from security platform provider CyberCatch found three types of cyberthreats you may not have heard of: Spoofing is when a thief taps […]
Cyberattacks continue to rise for businesses. And Finance is one of the most common targets for crooks. IRS and its Security Summit, a group of tax pros, is reminding companies to remain vigilant this year-end and watch for fraud schemes. With all the hustle and bustle of year-end prep, your Finance team may not be […]
It’s that time again. IRS is warning business leaders and individuals about the top scams to look out for right now.
Every company is vulnerable to internet fraud, no matter where they’re located. But the ones in these six states took the largest financial hit last year. The following states all reported losses totaling between $99 million and $199 million last year, according to the FBI: Colorado Illinois Missouri Ohio Pennsylvania, and Virginia. That comes from […]
A model law that’s in the works will affect how you handle employees’ personal data that you and your Finance team work with every day. The Uniform Personal Data Protection Act, drafted by the Uniform Law Commission, is specifically designed to address the safe, secure storage of personally identifiable data. Examples include names, Social Security […]
Be sure to assess the security and privacy practices of all third-parties before you give them access to your systems. They’re a major cause of data breaches. Of the 44% of companies that experienced a data breach in the last year, nearly three quarters of them (74%) say it was because they gave too much […]
To avoid data breaches, it’s vital to make sure your staffers are being careful with how they relay information internally.
