80% of Companies Will Suffer Payments Fraud Attacks in 2019
Learn how to protect your organization against damaging financial losses.
Corporate Payments Fraud is at an All-Time High
According to a survey conducted by the Association for Financial Professionals and underwritten by J.P. Morgan in 2018:
of companies were the target of corporate payments fraud
0 %
of companies suffered from business email fraud
0 %
of annual revenues is the average loss to payments fraud
0 %
Traditional Controls Are Not Enough
Existing controls and proactive measures are inadequate to manage threats in the digital age
Criminals exploit the naive trust of employees, deceiving them into unsuspectingly aiding in bypassing payment controls
The SEC states that companies must consider cyber-threats when implemeting internal accounting controls
Protect Every Type of Corporate Payments Fraud
Centralized/independent controls that protect payment processes
Real-time verification at each step of the transaction journey
The eradication of single points of failure in the transaction journey