In an article entitled “Securing the Business of Payments: Protecting Against the Threat of Cyber Crime,” CIT’s View from the Middle details how today’s sophisticated cyber attacks can derail your business’s payment procedures and lists ways you can better defend your business from such attacks.
Greg Winthroath, Managing Director of CIT Treasury Management, notes that “A bank should be able to provide a high level of fraud prevention regardless the size of a company of the frequency of its transactions. Whether your business has a hundred accounts, 25 accounts, three accounts, or one account, there is a level of fraud prevention that can be and should be established for every one of those accounts.”
The full text of the article is available here.
