Payment fraud is hitting organizations harder than ever before

96% of US companies were targeted with at least one fraud attempt in the past year, according to Trustpair. 83% of US companies saw an increase in cyber fraud attempts on their organization in the past year. Fraudsters primarily used text messages (50%), fake websites (48%), social media (37%), hacking (31%), BEC scams (31%) and deepfakes (11%) to dupe organizations. CEO and CFO impersonations (44%) was the third most common type of fraud. “Our research … More →

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