Is there a Cure to Cybercrime and Fraud?
How inbound and outbound payments can be compromised by fraud and how process optimization and technology can protect your cash
Digital technology is vastly transforming and disrupting economies all around the globe, exposing organizations to both opportunities and threats. Modern-day hyper-connectivity offers entry-points for cybercriminals and fraudsters, enabling them to compromise the organization’s digital landscape in various ways. Organizations today are in a position to benefit from new digital connections, tools, and platforms which can connect them in real time with customers, suppliers and partners. Yet at the same time cybercrime has become a powerful countervailing force that threatens this potential.
In our whitepaper “Inbound and Outbound Payments – Is there a Cure to Cybercrime and Fraud?” we discuss the fraud and cybercrime risk within the areas of order-to-cash and procure-to-pay and suggest a path towards a secure Universe of Payments.