Join us for this week’s episode as Ernesto Rolfson, CEO of Finexio, and Craig Jeffery of Strategic Treasurer discuss the escalating threat landscape in payments. They cover how the criminal playbook has been bolstered by AI, enabling dangerous techniques like deep fakes and fraud. Discover why this matters to corporates and how payment companies are countering these evolving threats.
The ongoing attack methods targeting companies’ information and payments has scaled heavily over time. The uses of technology, including generative AI to help create deep fakes, spoofing, and compromising, have been challenging AP and treasury groups heavily, and this technology is enhancing the criminal playbook. This discussion will dig into some payment channel differences, including checks, virtual cards, ACH, and wires, and the steps you can take to make your payments more secure.
Securing inbound payments and outbound payments continues to be top of mind for many companies. The risks of fraud and data breaches are at elevated levels and continue to rise. In 2022, 65% of financial professionals reported they were victims of either attempted or actual fraud. Fraud considerations on the receivables side are too often ignored or minimized. Securing inbound payments is vital.
This session will explore how you can assess the security processes and standards for payments flowing in through your lockboxes (paper and electronic). What are the common issues that create problems? How can these issues be controlled or mitigated? New security standards are needed to provide reasonable care and control over your inbound payments.
In this webinar, you’ll learn:
-Top considerations to keep in mind when designing an inbound payment process and evaluating services.
-Security questions to know and answers that are required.
Criminals are always looking for the path of least resistance. When your company strengthens its defenses, new weak links are found and explored. In this episode, Craig Jeffery and Omri Kletter continue the discussion on some of the key findings that came out of the Treasury Fraud & Controls 2023 Survey. Specifically, they explore unguarded banking information and visibility restrictions.
Treasury’s threat of fraud attacks is constantly changing and increasing. While treasurers say they are aware of this, only 30% of companies plan to allocate more funds to the training of employees and fraud prevention services. In this episode, Craig Jeffery and Omri Kletter discuss some of the key findings that came out of Strategic Treasurer’s Treasury Fraud & Controls 2023 Survey, specifically, the key places we should be focusing our spend throughout 2023.