| How Banks And AP Departments Share The Burden Of Fighting Fraud With cyber attackers taking advantage of pandemic-fueled uncertainty, and with professionals working from home, the risk of the business email compromise scam continues to climb. According to Ted Kirk, vice president of strategic partnerships at Advanced Fraud Solutions, corporates are increasingly turning to their banks for support. He tells PYMNTS how firms and their FinServ partners can work together to combat B2B payments fraudbefore it happens. |
| Business Email Compromise Attacks Raise Corporate, Bank Alarms While the threat of cyberattacks continues to impact organizations directly, businesses of all sizes are also facing threats from their own supply chains. The latest data suggests that the business email compromise scam continues to plague firms and their banking partners, with cybercriminals going after business partners and suppliers, and expanding their target base from there. PYMNTS rounds up the latest stats from this threat, plus more stories in the world of B2B fraud. |
| | Monday Conversation | | Citiâs Kohli: Corporates And Banks Experiment To Drive Digital Business Models In 2020, treasurers demanded digital solutions from their banks to promote business continuity through a disruptive market. This year, they have a different motive in mind. Citi Global Head of Payments and Receivables Manish Kohli told Karen Webster that what treasurers today want from their banks are the tools that can elevate the value of digital-first business models. |
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