Nearly two thirds of French companies (64%) would have suffered at least one attempt at transfer fraud in 2023, mainly through theft of a supplier's banking identity, reveals the new edition of theannual study de Trustpair, conducted last December by OpinionWay among 151 financial departments of organizations with more than 250 employees. In increase of 13 points, this proportion shows that the phenomenon is increasing in scale and danger, with an impact not only financial but also on the reputation of the company and its commercial relations. Faced with the ingenuity of cyber fraudsters who rely on ever more sophisticated technologies, the training of teams and traditional control methods (verification emails, phone calls, etc.) are no longer enough. The use of an automated anti-fraud tool, such as Trustpair Connector proposed by Acxias to control the banking details of suppliers in SAP Ariba, provides a more effective response to limit attempts and especially their success.
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Nearly two thirds of French companies (around 64%) were faced with at least one attempt at wire transfer fraud during the year 2023. This alarming statistic highlights a worrying reality: the cyber threat landscape continues to deteriorate. 'intensify. The latest edition of the annual study conducted by Trustpair, in collaboration with OpinionWay, carried out last December among 151 financial departments of companies with more than 250 employees, highlights a significant increase of 13 points compared to previous years. This surge highlights not only the growing scale of the problem, but also its dangerousness, as these attacks have repercussions not only financially, but also on the reputation and business relationships of affected companies.
Faced with this growing threat, it has become imperative for companies to strengthen their defenses. However, traditional methods of combating fraud, such as email verifications or telephone calls, are increasingly proving insufficient in the face of the ingenuity of fraudsters, who exploit increasingly sophisticated technologies. It is therefore necessary to adopt more innovative and proactive approaches, exploiting the capabilities of digital.
In this context, while team training remains essential, it must be supplemented by advanced technological tools. This is where Trustpair Connector comes in, an automated anti-fraud solution developed by Acxias, designed to control supplier bank details directly in SAP Ariba. This cutting-edge technology provides a more effective response to detect and counter fraud attempts, thereby significantly reducing the risks faced by businesses. By combining human expertise with the power of automatic analysis algorithms, Trustpair Connector provides proactive protection against wire fraud attacks, allowing businesses to protect against these threats proactively and effectively.