With professionals around the globe working from home during the pandemic, and many using their home networks and personal devices to conduct business, many have struggled to rebuild their cybersecurity infrastructures from scratch, and have scrambled to figure out how to protect their organizations’ data.
Bad actors have taken advantage of this by targeting companies while their defenses are down. Businesses are well aware of the heightened risk of B2B theft and fraud and the impact it can have on their financial stability. Protecting their operations from fraud is among the most pressing challenges that firms expect to face, and many businesses have already learned about these risks the hard way.
In fact, 60% of U.S. and U.K. businesses face cross-border payment fraud, according to the Global B2B Payments Playbook, a PYMNTS and Worldpay B2B Payments collaboration.
Get the study: Global B2B Payments Playbook
Struggling With Fraud
The rapid growth of cross-border commerce represents an enormous opportunity for firms, as $10 trillion flows between businesses around…
