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This new advancement in fraud prevention protects login credentials from cyber criminals even when a supplier’s network or email system is compromised. GREENSBORO, N.C. – APRIL 22, 2024 – Today, apexanalytix, the leading provider of global supply chain risk management data, software and services, announced the launch of Passkeys. This industry-first feature enables suppliers to securely log into their accounts...

With the rise of deepfake video and audio technology, fraudsters have begun impersonating internal employees and suppliers to change supplier bank account numbers and hijack payments. To combat this, Danny Thompson, SVP of Market and Product Strategy at apexanalytix, recommends using real-time bank account ownership validation whenever a change is made to a bank account number. Read the complete article...

It’s time for accounts payable teams to be on high alert, says Danny Thompson, VP of apexanalytix. With normal business routines disrupted by COVID-19 and many vital employees out of the office, cybercriminals are seizing on the opportunity. These bad actors are launching scams designed to divert legitimate supplier payments into fraudulent bank accounts. In an article authored for the...

Healthcare organizations are under increased pressure to delivery high quality care while reducing costs and complying with all regulatory controls. Northwestern Medicine is an integrated healthcare system with physicians, researchers and patients as stakeholders and an extensive mix of suppliers to support them. How can a supplier portal help them achieve their mission to excel in academic distinction, scientific discovery...

Spend Matters and apexanalytix dive into how companies can protect cash and rapidly vet suppliers during a crisis During a global pandemic, there are going to be bad actors trying to take advantage of people getting acclimated to working from home and possibly distracted by kids or the news. Supplier risk management and fraud prevention has always been at the...

According to the FBI, fraud attempts have spiked during the COVID-19 pandemic. Fraudsters are trying to capitalize on new WFH environments that have disrupted controls like vendor callbacks for bank account changes. This rapid shift to WFH had the largest impact on companies reliant on their office environment and manual, paper-based processes. Processes that need to change. In this webinar,...

The FBI reported $26.2 Billion dollars lost to Business Email Compromise (BEC) fraud in the past three years.   If defrauding companies was legal, the hackers would be on the cover of Forbes for being innovative.   Teams of hackers have invested time, money and resources to trick accounts payable professionals – smart people who are specifically trained not to...