Preventing Fraud at Mogels Inc - think
Fraud attacks on small business have only gotten worse in Here's how to protect your company. Forced to work from home during Covid, accounts payable AP departments have accelerated plans to move away from paper checks and pay more of their suppliers by ACH. That, in turn, accelerated another trend: fraud. According to the AFP Payments and Fraud Control Survey Report , for the first time, in , BEC schemes were the most common type of fraud attack experienced, with 75 percent of organizations experiencing an attack and 54 percent of those reporting financial losses. The problem has only gotten worse in This included BECs. Three-quarters of respondents said that preventing and detecting fraud has become more difficult in the current environment, and more than 90 percent expect attacks to increase. Organizations are under siege, and nearly one-third have received no guidance from banking partners about mitigating ACH credit risks.Preventing Fraud at Mogels Inc - possible speak
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