Cybersecurity and Fraud Protection
Email: The Biggest Threat to Accounts Payable Staff
Watch Commercial Banking experts discuss the rising threat of business email compromise (BEC), how such an attack typically occurs, and what best practices payments staff can implement to help protect their companies.
According to the 2019 Association for Financial Professionals® (AFP) Payments Fraud and Control Survey Report, 80 percent of companies experienced business email compromise (BEC) last year—the highest percentage since the AFP began tracking cyberactivity in 2005. Learn how accounts payable staff can help prevent these attacks by learning how to identify suspicious activity and properly validate requests.