Currently online scams are very common and you have to pay attention to any links, messages and emails that arrive, in this case you should never click but to prevent fraud there are also other safer and more effective methods.
Companies face different types of payments such as cash advances, expense reimbursements, online purchases on marketplace platforms or on private supplier platforms, extraordinary expenses and salary payments.
82% of companies reported having been victims or attempted fraud
Precisely because companies are constantly exposed to digital financial transactions, it is essential to strengthen the cyber security system in order to avoid scams and scams, today more than 82% of companies and organizations have declared that they have suffered fraud or have been the subject of attempts of fraud, for this reason it is essential to carry out standard checks through reliable systems that block suspicious payments.
What are the most important preventive measures in cyber security in companies
Data does not lie and attacks against corporate cybersecurity are constantly increasing, every sector is in potential danger, from transportation to hotel businesses, from brands and sports teams to public administrations, from eCommerce to personal data. Information security (also known as IT Security or Cyber Security) has assumed a decisive role to allow the normal development and operation of computer systems of software related to companies or individuals.
The set of essential measures to prevent attacks on the security of corporate IT systems and strengthen Cyber Security are made up of Information Security, i.e. the tools that guarantee protection (from every perspective) to information processes as a whole, both digital and physical. . In this sense, financial controls are extremely important to avoid fraudulent activities in treasury functions and prevent fraud, through constant monitoring and detection of computer fraud which may include: theft of sensitive and personal data, theft of money or fraud and other illegal manifestations. .
How to prevent fraud?
To strengthen the Cyber Security of a company it is necessary to have management software that provides security and control in the confirmation of payments, which simplifies the centralization of banking activities in order to avoid suspicious instant payments that can hide scams or fraud. The treasury of a company not only needs effective flow protection but must have constant checks on all documentation, from workflows to payments.
The use of spreadsheets exposes companies to an increased risk of financial fraud, this danger occurs not only for the treasury but extends to the entire company organization. Preventing corporate fraud means relying on reliable and secure data management tools.
The advantages of Cyber Security tools
Kyriba is one of the IT data management tools available to help companies detect cybercrime and prevent the risk of fraud.
The advantages offered are many, such as the support from the daily reconciliation for the cash activity and the confirmation of all payments that occur, the centralization on each bank activity and above all on the transactions that require signature.
The standardization of payment processes and their approval is another advantage that allows you to keep digital crimes away. The treasury controls are aligned with the policy of protecting all data entered, through the best internal practice of the treasury. These are just some of the advantages that an effective IT protection system can guarantee to companies, public bodies and individuals.
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