Card-not-present (CNP) transactions account for nearly 80% of the fraud in the United States today.1 It’s an eye-opening statistic. So how did we get here?
74% of businesses
experienced attempted or actual payments fraud in 2020.
Source: Association for Financial Professionals 2020 survey
of businesses have been targets of business email compromise.
of businesses have been targets of outside individuals (using forged checks, stolen card info, etc.)
of businesses have been targets of threats via vendors, trading partners, or professional services providers.
of businesses have been targets of account takeovers (ransomware, hacking, malware, etc.)
Business Email Compromise
Organizations that train their employees to recognize cybercrime are far less likely to fall victim than ones that don't. Here's what that looks like:
While cybercrime might seem overwhelming if you're not a tech expert, it doesn't have to be. Simply put, knowledge is power. Below is a series of educational resources to demystify cybercrime and offer solutions in terms you can understand.
Get in touch here if you'd like us to contact you about what Hancock Whitney can do to help your business be prepared to prevent cybercrime.