Fraud attempts are on the rise, resulting in financial and privacy losses for businesses across the globe. Fraudsters are working hard to stay ahead by frequently testing for new vulnerabilities in businesses’ systems and processes. According to a 2022 study from the Association for Financial Professionals, 71% of organizations were targets of payment fraud attempts and attacks in 2021. The question becomes not if your organization’s finances will be a fraudster’s target, but when.
Fortunately,…
