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Combating Fraud in a Remote Working Environment
Report

Combating Fraud in a Remote Working Environment

AFP Payments Guide

Andrew Deichler
AFP, 2020
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Editorial Rating

8

Qualities

  • Applicable
  • Eye Opening
  • Overview

Recommendation

COVID-19 has given con artists and cybercriminals new ways to defraud companies and hack into corporate systems. The legions of employees who are toiling remotely in response to the pandemic rely heavily on technology, making them vulnerable to the bad actors who are adapting their techniques to the home office. In this useful digest, financial writer Andrew Deichler provides a solid overview of the new threats as well as the precautions that corporate executives can take to reduce their firms’ risk of falling victim to scammers and hackers.

Summary

New opportunities for fraud have emerged in the remote working environment.

Fraudsters are refining their approaches to take advantage of the new normal that the COVID-19 pandemic has accelerated: company employees using online payment systems and business email to do their jobs from home or away from their usual secure work settings.

Payment fraud persists, and business email compromise (BEC) and ransomware assaults are increasing, calling for robust responses from company financial officers.

Cybercriminals are using the COVID-19 pandemic to scam their victims.

About the Author

Andrew Deichler is the multimedia content manager for the Association for Financial Professionals, an industry group for chief financial officers and treasury professionals. 

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