This blog post highlights the growing threat of insider cyber attacks, as revealed by the Cybersecurity Insiders' 2024 Insider Threat Report. It discusses the unique challenges in detecting these attacks due to insiders' intimate knowledge of organizational systems and processes and presents alarming statistics on the prevalence and cost of insider threats. The post also outlines the US government's response to this issue and emphasizes the importance of implementing comprehensive, AI-driven security solutions to protect against insider threats, particularly in business payment systems.
This blog post highlights the growing threat of insider cyber attacks, as revealed by the Cybersecurity Insiders' 2024 Insider Threat Report. It discusses the unique challenges in detecting these attacks due to insiders' intimate knowledge of organizational systems and processes and presents alarming statistics on the prevalence and cost of insider threats. The post also outlines the US government's response to this issue and emphasizes the importance of implementing comprehensive, AI-driven security solutions to protect against insider threats, particularly in business payment systems.
The blog post discusses the evolving cybercrime landscape in 2025, highlighting the surge in AI-powered socially engineered threats and financial fraud. It presents staggering statistics on global financial crime losses and outlines Trustmi's predictions for how organizations will combat these threats, emphasizing the role of AI-driven solutions in cybersecurity.
In 2024, cyberattacks surged by 75% from 2023, averaging 1,876 weekly incidents per organization, with financial damages hitting record highs. Attackers evolved rapidly, using tactics like business email compromise, API phishing, and deepfakes—targeting financial services every five minutes. To counter these threats, businesses must adopt AI-driven defenses, real-time fraud detection, and innovative tools to stay ahead.
Sophisticated fraud attempts targeting vendor information change requests are becoming an alarming challenge for enterprise organizations. Cybercriminals are leveraging AI technologies to impersonate vendors and executives, exposing the vulnerabilities of traditional verification methods. This underscores the urgent need for companies to adopt advanced AI-powered tools to strengthen their verification processes and protect their finances.
Cybersecurity researchers have uncovered a global phishing campaign targeting 30 companies across 12 industries, with manufacturing, aerospace, and finance hit hardest. The attackers used advanced techniques like document platform impersonation and trusted domain abuse to bypass security measures and steal credentials. This sophisticated campaign highlights the urgent need for improved cybersecurity strategies and employee vigilance.
AI-powered financial fraud is rising, with deepfakes and executive impersonations costing organizations millions. Recent FBI and FinCEN warnings highlight the urgent need for advanced security measures to combat this growing threat.
A Macy's employee managed to hide $154M in expenses over nearly three years, showing just how serious insider fraud can be—it’s on the rise in 48% of organizations. Trust in employees and focusing too much on external threats often allow these incidents to happen. The solution? Stronger payment security, automated processes, regular audits, and better fraud prevention training.
Learn how BEC scams strategically target payment processes, why public companies are at higher risk, and what you can do to safeguard your organization.
Manufacturing companies are increasingly targeted by cyberattacks, particularly business email compromise (BEC), which accounted for 58% of phishing attempts in 2024. To strengthen defenses, experts recommend investing in AI detection tools, enhancing employee training, and implementing stricter verification processes.
Cybercriminals never stop innovating. They are now exploiting DocuSign's Envelopes API to orchestrate sophisticated phishing attacks. This new technique, leveraging legitimate business tools, poses a significant threat to enterprise payment security.
This article will provide practical advice for establishing CFO and CISO collaboration and describe how cultivating a holistic approach to risk management benefits the entire business. To do this, they must leverage new tools and technologies to deliver continuous intelligence sharing and open communication that enables organizations to stay ahead of criminals.
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