We detail the most common frauds and give you some tips that can help you ensure security in the payment chain.
Learn how strong authentication helps you with security in your payment chain.
Cyber payment fraud is a very profitable activity that takes advantage of companies' vulnerabilities. Techniques for embezzling funds are becoming more and djibouti email list more sophisticated and companies must strengthen themselves against this real risk.
Companies need to rethink the entire payment process . What worked a few years or months ago is no longer valid today.
Faced with this threat, all members of the company, and not just those in the financial department , must be aware of the importance of ensuring security in the payment chain .
Responsibility for combating payment fraud lies with all company employees. The leak that could lead to an attack can be caused by the carelessness of any member of the company.
Most common frauds in the payment chain
Among the most common frauds in the payment chain of companies we can find the following.
Phishing: This is one of the most commonly used techniques and consists of impersonating a company executive or another person in order to obtain fraudulent payments. To do this, scammers try to “fish” for confidential data, such as passwords, credit card information or any other type of information that could be used for fraudulent purposes.
To achieve their goals, cybercriminals impersonate a trusted person or company in apparent communication via email, text messages or phone calls.
Some of the most common frauds are: impersonating the company's bank, impersonating a supplier and requesting a change of bank details, impersonating the CEO and ordering payments, etc.
Botnets: Infecting computers or mobile phones with viruses that run autonomously and automatically to obtain data that allows unauthorized payments or purchases to be made. It is estimated that there may be millions of botnets on the Internet. A botnet creator can control all infected computers, phones or servers remotely.
Internal fraud : If certain files are not well protected and controlled, the company is exposed to internal fraud. For example, changing bank accounts in electronic payments. This is as easy as changing an IBAN in a payment remittance file , due to not having the folder where payment files are stored properly protected before sending it to the bank.
