Is the New Normal Increasing Your Risk of Fraud?

Posted by Thomas Nappi on Jul 7, 2020 9:11:23 AM
Thomas Nappi

Remember when Zoom-bombing was perceived as the biggest security threat to Work from Home environments?  IT leaders are sounding the alarm about a more insidious and costly vulnerability:

Fraud

Work from Home Risk of Fraud

Forty percent of IT leaders are worried that remote work environments are vulnerable to phishing e-mails and Business E-mail Compromise (BEC) attacks, according to a survey of 500 IT leaders in the United States, Canada, Germany, France, Ireland, and the UK conducted by Wakefield Research

Insecure Wi-Fi used by employees increases the possibility of cyber-security issues, IT pros fear.

Malicious e-mails and insecure Wi-Fi are a much bigger threat in the eyes of IT pros than headline-grabbing Zoom-bombing and employees who use their own devices, Wakefield Research notes.

Not surprisingly, 93 percent of IT pros plan to undertake additional measures to improve security and business continuity in the next 12 months due to widespread remote work.  Fifty-nine percent of those surveyed say they will increase security for data and applications, once offices re-open.

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Tags: Security, AP Transformation, AP Automation Solutions, Cloud-based Accounts Payable Solution