Battling Payments Fraud: Know Your Enemy

Battling Payments Fraud: Know Your Enemy

Posted May 6, 2020

Battling Payments Fraud: Know Your Enemy

  • A Ponemon Institute report on the cost of data breaches showed that the average cost of a data breach in 2018 was $3.86 million, up 6.4% over 2017. The average per-record cost was $148, up 4.8% from $141 in 2017. By 2020, it is estimated that ransomware attacks will quadruple, with cybercrime damage costs rising to $6 trillion in 2021.
  • By staying vigilant and notifying the right people when a suspicious email is received or when someone reaches out about something out of the ordinary, employees can avoid potential financial or reputational damage to their organization.

Security Boulevard – Gene Scriven | May 6, 2020