"Payment Fraud is Hitting Organizations Harder Than Ever Before"
"Payment Fraud is Hitting Organizations Harder Than Ever Before"
According to security researchers at Trustpair, 96% of US companies were targeted with at least one fraud attempt in the past year. In the past year, many US companies (83%) saw an increase in cyber fraud attempts on their organization. The researchers noted that 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%) were the third most common type of fraud.