Effective Financial Controls and Cybersecurity: A Guide for Accounts Payable Professionals

AP departments have become a digital battlefield. 

AP leaders are on the frontlines, protecting their organization’s financial assets from an escalating barrage of cyberattacks and payment fraud schemes. 

The adversaries?  High-tech conmen armed with malicious AI-powered tools.

AI has made it easier for cybercriminals to compromise finance systems, steal data or credentials, impersonate trusted contacts and successfully manipulate AP pros into making fraudulent payments.

Conventional fraud defenses are vulnerable – email, manual approvals, and traditional verification processes allow fraudsters to bypass control procedures with alarming ease.

As cyberattacks and payment fraud schemes continue to evolve, departments are at greater risk.

Safeguard your organization’s financial assets.  IOFM’s latest white paper provides a complete guide to fortifying your AP department’s controls and cybersecurity against AI-powered scams.