You know how it works: One of your finance staffers receives an email from your CEO urging him to make an immediate wire transfer. He complies … and your company just fell victim to the classic business email compromise (BEC) scam. Well … Turns out this fraud is evolving as fast as employers can keep […]
On most days, your finance staffers fly through invoices quickly and methodically. But once in a while, they may come across an invoice that causes them to take pause. With payment fraud at a record high now, spurring major financial loss for companies all over the world, you know you can’t be too careful. On […]
Today, your finance team must do more than ever before to ensure that company money stays where it belongs. Payment fraud just spiked to a new high. A staggering 82% of companies said they were hit last year, according to the new 2019 AFP Payments Fraud and Control Survey. Of course, you encourage your team […]
CEOs are looking into the financial crystal ball … and to them, the near future looks a little bleak.
If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech giants with fake invoices for a nine-figure loss.
At some time, issues with vendors or customers may escalate to the point where you need to claim a breach of contract. And as you know all too well, legal battles can be extremely costly.