Blogs

Primary Source of Fraud: Business Email Comprise Email communication plays a major role in how many businesses conduct their daily operations. Fraudsters continue to adapt their business email compromise (or “BEC”) schemes, as well. While they may target an entire organization, they often focus their efforts on Accounts Payable departments. According to the 2023 AFP Payments Fraud and Control Report, the number of organizations falling victim to BEC fraud has slightly increased in the last year, as has the number of organizations that have experienced financial loss due to BEC. This type of...

Fraudsters Continue to Target Check Payments A large majority of organizations are still using checks for outgoing payments and checks continue to be the primary target of payments fraud. Without preventative measures in place, every check payment could be exposing an organization to fraud. AFP reported the following as tools and processes companies have implemented to protect their business: ACH Fraud On The Rise As more companies make the transition from paper checks to electronic payments, the Association of Financial Professionals reported an increase in the number of organizations...

Fraud continues to be a challenge for many organizations. According to the 2023 Association for Financial Professionals, 65 percent of organizations report that they continue to be targets of fraud. And as the payments landscape continues to evolve, fraudsters are evolving their tactics too. Targets of Payments Fraud Check issuing continues to decline as the number of organizations using digital payments increases. The mass adoption of digital payments is partly due to the remote work environment. Electronic payment usage increases may also be the reason there has been an uptick in ACH fraud...

The economic forecast may be uncertain, but preparing for potentially inflated rates is the smartest course of action. Liquidity management is a lot of work, but the benefits can help your business thrive rather than survive. Learn more about how you can keep your business afloat in every season. A fluctuating economic environment, such as the one we’re currently experiencing, has historically pointed toward the imminent possibility of a recession. While forecasts aren’t 100% reliable, proactive leaders should prepare for future economic turmoil by reimagining their company’s liquidity...

The nursing profession is currently undergoing massive changes—and there are some telling nursing industry trends from this past year that point toward more changes and opportunities on the horizon. Learn more about the nursing industry as we take an overview of its state in 2022. Nursing is one of the most critical professions not only in the United States but around the world. The Covid-19 pandemic proved the worth of nurses on the frontlines; in the face of their own exposure to the disease, nurses continued to provide vigilant care. However, the pandemic illuminated some dire nursing...