Trustmi

?? Behind the Breach: Manufacturing Under Attack ?? In our first blog in the "Behind the Breach" series, we explore how manufacturing companies are becoming prime targets for sophisticated fraud attacks, especially Business Email Compromise (BEC), which now accounts for 58% of phishing attempts. The stakes are high—just this year, attacks led to massive financial losses, including $60M at Orion and $37M at Toyota Boshoku. Why is manufacturing such a target? ?? Complex supply chains with multiple entry points. ?? Valuable intellectual property and sensitive data. ?? Underinvestment in cybersecurity systems. ?? What can we do? To fight back, manufacturers need a multi-layered strategy: ? AI-powered detection tools to counter advanced threats ? Regular employee training to recognize phishing attempts ? Robust verification processes for financial transactions The bottom line: As fraud schemes grow more sophisticated, taking proactive measures isn’t just important—it’s essential. ?? Read more about this pressing issue and how to protect your organization: https://lnkd.in/etYxebct #CyberSecurity #Manufacturing #BEC #AI #FraudPrevention

Cyberstarts?and it's amazing portfolio companies are hosting a holiday party with security leaders from across the industry with their amazing partners at NYSE on the trading floor of the iconic?NYSE?on December 10th. We have limited space available - If you are a security leader and will be in New York, please use the link below to register and come to celebrate the end of the year with your peers. ??? Where: New York Stock Exchange, Wall St, New York ??? When: December 10th 2024, 6.30pm -8.30pm Please Register?HERE https://lnkd.in/dnPtXzbK

One week from today, our very own Vincent Geffray is speaking at the SSON AP Automation Digital Summit on how to "Prevent AP Fraud from the Most Costly Socially Engineered Cyber Threats." In the session, you'll learn about: ?? Key vulnerabilities at each stage of the payment process. ?? Why payment and AP fraud is a hard problem to solve. ?? The tactics bad actors leverage to infiltrate your payments (e.g., deep fakes, impersonations). ?? Strategies to fight back and protect your bottom line with behavioral AI & automation. Don't miss out—register now to join us! https://lnkd.in/eBP_c4Dx #paymentfraud #socialengineering #apfraud

?? New Vendor Impersonation Attack: DocuSign API Used for Fake Invoices ?? A recent attack highlights how cybercriminals are exploiting DocuSign's API to impersonate vendors and send fake e-signing requests, tricking victims into approving fraudulent invoices. As these attacks become more sophisticated, businesses must stay vigilant and protect against social engineering tactics targeting payment processes. ?? How Trustmi Defends Against Payment Fraud ??? Trustmi is designed to protect your organization from exactly this type of threat. Our solution actively detects deviations in invoice details, such as changes in payment information, vendor addresses or metadata, that could indicate fraud. By leveraging behavioral AI, Trustmi identifies suspicious patterns and flags potential fraud before they can harm your business. Read our blog to learn more. https://lnkd.in/eUXRAhCb

Cybercriminals thrive on organizational silos, exploiting fragmented security and communication gaps between departments. ?? That's why a strong partnership between the CFO and CISO is critical to secure the company's bottomline. By collaborating effectively, they can identify risks faster, align on priorities, and streamline resources to better protect against sophisticated financial and cybersecurity threats. Our latest blog explores: ?? The benefits of CFO-CISO collaboration ?? How to overcome common challenges ?? Practical steps for building a cohesive risk management strategy Read the blog to learn more - https://lnkd.in/ePWFh-Fz

The role of the CFO is expanding, driven partially by the financial impact of cyber threats. In fact, we're seeing a trend among finance professionals becoming more deeply involved in technical considerations and improving their understanding of the cybersecurity landscape and its potential impact on their organization’s financial health. Our CEO, Shai Gabay, shared his thoughts with the Forbes Tech Council in his latest article,?"CFOs' Increasing Role in Cybersecurity to Safeguard Payment Processes." Check it out and let us know your thoughts. Are you seeing more finance professionals in cyber discussions?https://lnkd.in/ec-DpXmS

The Trustmi team is back in action this week at the Finance & Accounting Technology Expo in New York City! Make sure you swing by booth 511 to meet the team and learn how we eliminate fraud and errors from your business payments. Don't miss our speaking session, "AI in Action: Transforming Supply Chain Management and Fraud Prevention." ?? Tuesday, October 29th at 12:55pm ET ?? Theater 3, FATE Conference ??? Shai Gabay and Mike Crowe See you there! #securepayments #paymentsecurity #fate2024

Day 2 of AFP Conference is here, and the Trustmi team is excited to meet with more finance leaders to show how we help eliminate fraud and errors from your business payments. ?? Visit us at booth 1829 for a hands-on demo and a chance to create your very own deep fake video. ?? Plus, catch Shai Gabay and Wayne Lawrence on the Payments Stage at 9:45 AM as they dive into how AI is transforming business payments and making processes smarter and more secure. We can’t wait to connect with you! #paymentfraud #afp2024 #securepayments #fraudprevention

?? Day 1 at AFP Nashville is in full swing! Join us at Booth #1829 to meet our team and discover the latest innovations in payment security. We’re offering professional headshots and an exclusive simulation that demonstrates how evolving threats can be neutralized. Plus, don’t miss our CEO, Shai Gabay, speaking on ‘AI Today: What It Means for Your Business Payments.’ See you soon! ?? Booth #1829 Trustmi's Theater session: ??? Tuesday,?October 22 ?? 09:45 AM?–?10:15 AM Association for Financial Professionals #AFP2024 #FinanceInnovation #SecurePayments #TreasuryTech #FraudPrevention

Exciting News! Trustmi is attending the upcoming Finance & Accounting Technology Expo in NYC this month. The Trustmi team will be at Booth 511 both days sharing how we help organizations prevent fraud and errors in their business payments. You can also catch Shai Gabay, our CEO, and Mike Crowe, retired CIO at Colgate-Palmolive, on 10/29 at Theater 3 for a session on “AI in Action: Supply Chain Management and Fraud Prevention” where you’ll gain insights into how AI can streamline operations, reduce financial errors, and combat B2B payment cyberattacks. Will we see you there? Secure your spot now! ??https://lnkd.in/ej7kCg6W ?? Javitz Convention Center ??? October 29-30 ?? Booth #511 ?? Theater 3 - “AI in Action: Supply Chain Management and Fraud Prevention” The CFO Leadership Council Finance & Accounting Technology