AI-driven executive impersonations pose a significant threat to business payment processes [1], with finance professionals increasingly targeted by deepfake and impersonation attacks [1].
Description
AI-driven attacks [1], including deepfake and executive impersonation attacks [1] [2], are on the rise, with 22% of finance professionals reporting being targeted [1]. Attackers are leveraging generative AI to execute sophisticated cyberattacks [2], presenting new challenges for finance and cybersecurity teams [2]. In addition to AI-driven threats [1], businesses also face risks from human error [1], BEC attacks [1], social engineering schemes [1], and employee collusion [1]. A lack of visibility into payment processes persists [1], as 58% of respondents lack insight into payment fraud activity [1]. Trustmi offers an end-to-end fraud prevention technology to automate B2B payment processes [1], enhance visibility, and prevent fraud [1]. Currently, only 32% of businesses operate automated payment processes [1], with many still relying on manual operations [1]. Trustmi’s platform helps secure payment processes [1], manage vendors [1], and mitigate losses from cyberattacks [1], internal collusion [1], and human error [1].
Conclusion
The increasing prevalence of AI-driven attacks highlights the urgent need for enhanced cybersecurity measures in business payment processes. Trustmi’s fraud prevention technology offers a solution to automate processes, improve visibility [1], and prevent fraud [1]. Moving forward, businesses must prioritize cybersecurity to safeguard against evolving threats and protect their financial assets.
References
[1] https://www.darkreading.com/threat-intelligence/ai-driven-executive-impersonations-emerge-as-significant-threat-to-business-payment-processes
[2] https://www.prnewswire.com/news-releases/ai-driven-executive-impersonations-emerge-as-significant-threat-to-business-payment-processes-according-to-new-trustmi-survey-302209077.html
