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B2B Fraud Tracker

Ransomware Gains Traction, UK BEC Fraud Spikes

Ransomware, paid in bitcoin, is gaining traction as a way for fraudsters to bilk victims out of their money. Elsewhere, in the U.K., BEC is seeing a resurgence, with a doubling in activity as measured year over year.

Auditing

AppZen On The State Of Spend Auditing

Auditing expenses without the aid of technology is an inefficient endeavor — and errors or fraud can slip under the radar. AppZen found in recent research that most enterprises doing manual audits examine only 10 percent of their spending. Companies that use AI can audit 100 percent of their spend and invoices, as Chief Marketing Officer Jamie Barnett tells PYMNTS — and flag high-risk requests that might otherwise have gone unnoticed.

Can Email Change The Payments Game For SMBs?

There’s only one thing more pervasive than paper checks — and that’s email. In a new PYMNTS interview, Bento for Business Founder and CEO Farhan Ahmad explains how SMBs are using email to send payments and onboard suppliers — bringing digital efficiencies to payments between trading partners.

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