Orion, a Texas-based company, has lost $60 million due to a significant wire fraud scam. The FBI warns that such scams are already a multi-billion-dollar problem, with 84% of businesses hit by fraud attempts in the previous year. Existing security tools, such as Secure Email Gateways and behavioral AI solutions, fall short in effectively detecting and preventing business wire transfer fraud. Hence, companies need AI-powered systems that cover the entire payment process and can identify and alert authorities of suspicious activities in real-time.
How CISOs And SOC Heads Can Protect The Organization
Social engineering dominates modern cybersecurity, exploiting human psychology to breach systems despite advanced defenses. Techniques like phishing are prevalent. CISOs must foster vigilance through continuous
