Manual steps in the payment process always pose a risk Any activity that requires manual work to complete a task poses a security risk. A common example of a security breach is when a supplier payment is initiated. First, standardized payment files are created in the business system. The payment files are exported to a directory on the server or network and then often...

Companies are always subject to fraud and other financial crimes. The methods are numerous and the frauds are sophisticated. Security gaps in existing business processes are exploited, with the payment process being one of them. A very important one at that. It is reasonable to believe that the majority of errors and attempted fraud are detected in time thanks to experienced and competent...