Opinions & Community

Reducing Stress for AP Teams

Let’s face it – cost-cutting runs through most CFOs’ veins. In the face of budgetary constraints, CFOs regularly pressure departmental heads to rein in expenditure. But it would be hypocritical to do so if their own department were seen to be profligate. With...

Deep Fakes: Protect Your Organisation

All Is Not What It Seems Scenario: You are the CEO of a large energy firm. One day you receive a phone call from the boss of your German-based parent company. He requests a favour. He needs you to make an urgent payment of US$243,000 to a supplier on his behalf. He...

BEC Attacks and the Law

If your organisation is subjected to a Business Email Compromise (BEC) attack, coming to terms with the theft may be just the beginning of your woes. In cases where you’ve been the victim of a BEC attack because someone within your own organisation, such as the CEO or...

Business Identity Theft

Think Your Business’s Identity is Safe? Think Again. Speak to friends, family or colleagues and there is a fair chance one of them will have been the victim of identity theft. Typically, criminals seek to impersonate an individual to either obtain bank loans or credit...

Securing Social Media Networks

Networks. They are the inevitable byproducts of how we engage and interact with the world around us. Without giving it a second’s thought, each of us participates in multiple networks every day. Whether comprising our family members, friends or community, life without...

Accounts Payable Security Report: April 2021

Each month, the team at eftsure monitors the headlines for the latest cyber & accounts payable news. We bring you essential learnings to help your organisation manage payments securely. _____________________________________ Email Security a Major Concern for Banks...

CFOs must anticipate fraud surges after Microsoft Exchange compromises

Microsoft Exchange email server weaknesses help cybercriminals gather valuable information for BEC campaigns The way that malicious hackers were able to compromise tens of thousands of Microsoft Exchange email servers is technical and complex, but CFOs must take just...

Preventing Financial Fraud In Accounts Payable

Are Your Internal Controls Strong Enough? In today’s age of online commerce and digital financial networks, companies are struggling to prevent financial fraud. In Australia alone, cybercrime costs businesses over $1 billion every year, and this figure is on the rise....

Cybercrime questions from the finance team

Below are the questions that were asked during the webinar: “Accounts payable teams are under siege by cybercrime syndicates” co-hosted with PwC on the 29th of October 2020. Our Chief Risk Officer Mark Chazan provided detailed answers. About the webinar...

5 Ways for Finance & AP Teams to Stay Ahead of Cyber Scams

According to the experts, the big question is not if, but when, your company will be hit by a cyber-attack.The number of attacks keep rising. Indeed, the Telstra Cyber Security Report 2017 found that 59% of the Australian organisations were detecting a business...