Unmasking Business Payment Fraud: How Cybercriminals Operate

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Shai Gabay أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Shai Gabay is cofounder and CEO of Trustmi, a pioneer in business payments security. Read Shai Gabay's full executive profile here.

Finance teams face relentless assaults from malicious entities aiming to breach organizations' payment systems. While this isn’t new, the sophistication of these attacks is proving nearly impossible to detect. That is until someone notices the money is missing. By then, it’s too late.

$300 Billion ‘Perfect Storm’ Bitcoin Price Crash Under $60,000 Suddenly Accelerates As Ethereum, XRP And Crypto Brace For Shock Fed FlipFraudsters first determine which organizations are connected. This is easy when you consider that businesses feature partner logos on their websites and give shout-outs on LinkedIn. Bad actors often target a specific organization and determine which vendor or trade partner will be their gateway.

One common method is abusing access privileges. For example, many large organizations use enterprise resource planning systems, which include integrated payment processing capabilities. Employees with access to this ERP system can access stored financial accounts or the payment processing system to initiate unauthorized transactions or divert funds for personal gain.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 318. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Small business owner questions business tax receipts for vacation rentals in Jacksonville BeachGary Randall doesn't think the math is adding up correctly for his business tax receipts. He came to the Ask Anthony team for help.
مصدر: FCN2go - 🏆 523. / 51 اقرأ أكثر »

Do You Really Need A Business Degree To Start A Business?I’m Melissa Houston, the proud author of Cash Confident: An Entrepreneur's Guide to Creating a Profitable Business and the passionate founder of She Means Profit.
مصدر: ForbesWomen - 🏆 477. / 51 اقرأ أكثر »

How Business AI And Cloud ERP Are Reshaping The Business LandscapeLalit Patil, Chief Technology Officer (CTO) for SAP Enterprise Cloud Services is heading the Office of the CTO organization which is responsible for defining the Technology strategy, Architecture, Security and Service Portfolio for SAP Enterprise Clous Services.
مصدر: ForbesTech - 🏆 318. / 59 اقرأ أكثر »

Four Dothan Business Owners Named Finalists for Small Business Person of the Year AwardFour Dothan business owners have been named finalists for the Dothan Area Chamber of Commerce’s Small Business Person of the Year Award. The 2024 finalists are Joshua Bane with Evergreen Creative Co., Reginald Greenwood of Sister’s Sout Express, Dave Guiler with Premier Entertainment Group, LLC, and Sandi Hodge with Shute Pecan Co, Inc. The Small Business Person of the Year Award is given annually to an individual owner of a local small business that shows the sustainability of their business, has strong employee relations, commitment to social responsibility, and strong community involvement.The Chamber of Commerce honors its small businesses with a week of activities in May, including the Small Business Person of the Year Award Luncheon.and receive the latest local news and weather straight to your email every morning. Get instant notifications on top stories from News 4 by downloading ourConsumer Reports investigation suggests high amounts of lead and sodium found in Lunchables
مصدر: WTVYNews4 - 🏆 590. / 51 اقرأ أكثر »