Everything You Need to Know About Business Identity Theft
In 2024 alone, 80% of businesses reported that they dealt with attempted business fraud. It’s no secret that you need to be careful to avoid personal identity theft, but remember: a business can be a target too. Identity fraud against companies is rising fast, and even small firms are getting hit. Fixing the damage of […]
Threats to Business Integrity Introduced by Remote Work
The rise of remote work has transformed the global business industry, offering flexibility, productivity, and access to a wider talent pool. This shift brings new and often underestimated risks to business integrity. As teams move online and sensitive data circulates beyond traditional office networks, organizations face challenges in maintaining accountability, security, and ethical standards. From […]
Key Steps to Secure Your Business’s Financial Operations
Every business faces risks in financial operations that can result in massive losses. To mitigate these risks, businesses need to adopt a strategic approach to secure financial processes. With increasing regulatory scrutiny and technology threats, implementing robust security measures is a non-negotiable part of the business’s financial operations. Businesses need to understand risk areas, select […]
What You Should Know About Invoice Fraud: A Simple Guide
If you’ve worked for a company that does billing or receives payments, you can probably relate to the fact that most people don’t give invoices a second thought. These transactional documents flow in and out, and as long as bills get paid, nobody really stops to question them. But that’s exactly why invoice fraud works. […]
Automated Fraud-Detection Testing in E-Commerce Systems
E-commerce platforms face constant threats from fraudsters exploiting vulnerabilities in checkout, payment flows, and promotional features. Manual review of every suspicious transaction is impractical, while missed anomalies can cost retailers millions in chargebacks and reputational damage. By defining automated SOPs that inject suspicious transaction patterns—such as rapid “speed orders,” unusually large carts, and mismatched shipping […]
How Finance CIP Helps Prevent Fraud in Digital Transactions
Digital transactions have become a major part of everyday financial activities, offering speed and convenience for consumers and businesses alike. According to a survey by the Federal Reserve Board, general-purpose card transactions reached $9.76 trillion in value in 2022. A total of 153.3 billion transactions occurred that year. However, as more people rely on online banking, […]
