Email is the Start of the Problem

Posted by Angela Sarno on Sep 14, 2021 11:00:00 AM
Christopher Arehart knows a thing or two about social engineering fraud.  As senior vice president and product manager for North American Financial Lines at Chubb Insurance, he has the responsibility for  managing all product aspects of crime insurance, financial fidelity and some specialty risk related to kidnap and extortion. Or as he puts it, "things that go bump in the night.”
 
Listen to our podcast interview with Chris.
 
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Topics: payments fraud, insurance, podcast, vendor master

The ROI on Vendor Management

Posted by Angela Sarno on Aug 12, 2021 10:02:00 AM

Julie-Anne White isn't going to argue that having a clean vendor master file is more important to a company than generating sales and growing revenue. (Because it isn't.)Julie-Anne White Headshot

But that doesn't mean the financial industry veteran thinks companies should penny pinch by failing to devote resources to vendor management. (Because they shouldn't.)

We interviewed Julie-Anne on the importance of accurate vendor information for our Risky Business podcast.  You can listen to the entire interview here.

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Topics: AP, insurance, ACH, vendor master

Guarding Against Social Engineering Fraud

Posted by Angela Sarno on Jun 30, 2021 1:38:44 PM

Cyber criminals stole more than $28 billion through email fraud from 2016-2020, according to the FBI.  Let that sink in.

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Topics: payments fraud, insurance, ACH, vendor master, risk

Matt Klein Answers The Million Dollar Question About Coverage

Posted by Taylor Nemeth on Oct 13, 2020 9:59:00 AM

Matt Klein, National Fidelity Product Leader at Willis Towers Watson, joined us for the 3rd installment of our podcast: PaymentWorks Presents Risky Business.  Below is an edited excerpt from that conversation.  You can listen to the full podcast here. 

Ed note: if you have even a passing interest in protecting your organization from payments fraud, we highly recommend you give this podcast a listen.  

 

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Topics: payments fraud, insurance, podcast, risk

Five Ways Your Vendor Master is Costing You Money- Compliance Edition

Posted by Angela Sarno on Sep 29, 2020 10:15:00 AM

Compliance is not anyone’s favorite word. The angst and tension many procurement and AP staff work with on the daily is only exacerbated by the worry of accidentally violating terms of compliance.  There are the considerations of the external world, such as the OFAC and debarment lists that haunt payments professionals (hello giant federal fine!), but there is also the world of internal compliance- much of it shifting with stunning regularity.  linkedin wasted money

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Topics: compliance, AP, insurance, vendor master

Mutually Exclusive? Cyber Insurance Coverage & Payments Fraud

Posted by Angela Sarno on Aug 11, 2020 10:02:00 AM

Mapping the landscape of insurance that businesses require to secure their property, assets, and employees is a massive and complex task. Policies are simultaneously hyper-specific and unintelligible; counsel and executives alike can find the paperwork confusing or obtuse.

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Topics: compliance, payments fraud, insurance

 

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The Business Identity Platform that automates complex payee management processes to:

  • Eliminate the risk of business payments fraud  
  • Reduce cost
  • Ensure compliance

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