Kaspersky warns of new corporate cyber threat, Deutsche Bank supports eSignatures, and the SEC questions ICICI Bank over accounting doubts.
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

July 302018

       BUSINESS TO BUSINESS EDITION

B2B Payments Fraud Tracker

Corporate Cybercrime Makes Inroads In Australia

Australia’s corporate entities are being hit by cybercrime, with bad actors posing as customers and suppliers, committing payments fraud and other scams. And, in a smattering of examples across the U.S., allegations of misrepresenting overtime and misclassifying employees show two avenues of ripping off the government.

 

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Data Digest

Simulated Cyberattacks Reveal Corporate Passwords Are Weak, Internal Threats Are Strong

If your password to a company account is "Password1234," change it — immediately. Professionals are making it almost too easy for cyberattackers, according to Rapid7, which spent 10 months simulating cyberattacks on company networks. The firm's report finds password strengths are low, internal threats are high and corporates may not be as protected as they think.

 

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Small Business Accounting

From Cash To Fraud, Restaurant Owners' Accounting Woes Run Deep

Restaurants are notorious for being a difficult business to get off the ground. It's no surprise, considering the industry remains cash heavy, with risks like employee and vendor fraud adding to the challenge. Dev Purkayastha, founder and CEO of Indevia Accounting, says reliance on part-time bookkeepers can make matters worse. He spoke with PYMNTS about how restaurant owners can begin to overcome these financial hurdles.

 

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