Whitepaper Archives - nsKnox

Is Artificial Intelligence Changing the Fraud Landscape?

nsKnox Team — Mon, 02 Sep 2024 11:42:57 +0000

We proudly present the 2024 Payment Fraud Report, in partnership with Treasury Dragons, featuring the Payment Fraud Index.
This report unveils the profound impact of artificial intelligence (AI) and Deepfake technologies on the payment fraud landscape.

The survey reveals that over 80% of corporations are increasingly concerned about the threat of fraud, with 67% experiencing payment fraud attacks.

Furthermore, 55% of respondents acknowledge that the rise of AI is significantly heightening the risk of payment fraud in their organizations.

There is also encouraging news: this year’s survey shows that Treasury departments are stepping up to their leading role in combating payment fraud, with an increase in the adoption of automated systems to counter these threats.

Fill out the form to download this invaluable asset and stay informed on the latest trends in payment fraud.

If this content interests you – click HERE to watch our Payment Fraud Masterclass

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Triple Defense: Safeguard Client Payments with Three Layers of Anti-Fraud Technology

nsKnox Team — Thu, 08 Aug 2024 15:51:02 +0000

Sophisticated crime rings are increasingly targeting corporate AP/AR departments, causing a surge in payment fraud that concerns financial institutions. In 2022, 84% of large companies were impacted by payment fraud, with some incidents resulting in losses exceeding $100 million. These losses expose banks to significant monetary and reputational risks.

Despite heavy investments in cybersecurity, banks find their corporate clients remain vulnerable. Traditional protocols, such as bank letters, are outdated in the face of advanced fraud tactics like generative AI, call spoofing, and Deepfake attacks.

How can banks and credit unions protect both their corporate customers and themselves? The answer lies in adopting multiple layers of anti-fraud technology.

Download the white paper, “Triple Defense: Safeguard Client Payments with Three Layers of Anti-Fraud Technology,” to learn about the latest approaches to combating payment fraud and enhancing client security.

Click HERE to watch our video Interview

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The Growing Sophistication of Cyber-Fraud

nsKnox Team — Thu, 12 Dec 2019 08:41:49 +0000

All about the increasing threat of cyber-fraud and its implications for organizations

Corporate payments fraud is a persistent and expensive challenge for organizations, and it’s growing in intensity and sophistication.

With companies who fall victim losing an average 0.5% of annual revenues, it is critical for organization to do more than simply rely on vigilance and controls.

In this white paper you will learn about:

The common types of the most sophisticated attacks;
How to calculate your exposure to risk;
How centralized and independent protection can help.

Download the paper now and learn how to raise the bar on corporate payments protection.

The post The Growing Sophistication of Cyber-Fraud appeared first on nsKnox.