Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. Still, researchers have found, many businesses do just that: RedSeal released a report this month that described the state of corporates' approach to enterprise security as one of "cyber naïveté," with many executives believing that their existing strategies are sufficient to ward off a cyberattack. Half of companies surveyed, however, are depending on outdated technologies and solutions to stay secure.
Mike Vigue, vice president, product strategy, cyberfraud and risk management at B2B payments firm Bottomline Technologies, warns that ongoing use of paper checks, fraudulent emails and general ignorance of cyberthreats will continue to place businesses — and their payment activities — at the center of thieves' targets. But, Vigue added, 2017 will be a year of continued innovation in the technology that can prevent, detect and mitigate a corporate cyberattack.
What cybersecurity threats will impact corporate buyers and suppliers in 2017?
What technologies are emerging to combat threats in B2B payments?
Will electronic payments continue to gain traction in B2B payments, and can that help combat fraud?