Business payment security was analyzed in a recent report by Trustmi. The report found that three-fourths of business leaders are more concerned about business payment fraud during the holiday season compared to other times of the year.
A majority of businesses have experienced a fraud incident during the holidays as business payments increase. Business email compromise is the leading fraud scheme or cyberattack that occurs during the holidays, followed by phishing scams and spoofing.
Seventy percent of business leaders are implementing additional security measures this holiday season, including special employee training, more payment verification resources and advanced fraud detection and monitoring systems.
Read the full report here.