Wirecard divests UK, Brazil assets, Sievo on procurement analytics’ bottom-line impact, and Tessian issues a deepfake warning to the enterprise
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

August 24, 2020

       BUSINESS-TO-BUSINESS EDITION

Cybersecurity

Deepfakes Threaten To Become The New BEC Scam

One of the most effective ways to combat the business email compromise scam is to double- and triple-check with managers and chief financial officers that any supplier payment changes requested are legit. But what if hackers could perfectly imitate these executives’ voices and likeness? Tessian Co-founder and CEO Tim Sadler tells PYMNTS about the growing threat of deepfakes, and what firms need to know to protect themselves.

 

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Data Digest

Invoice Fraud Strikes Amazon In $19M Scam

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York for an alleged $19 million scam targeting Amazon. This week's B2B Data Digest looks at the rising threat of invoice and payments fraud on companies of all sizes in the U.S., Canada and the world.

 

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eProcurement

Why Procurement Optimization Must Go Beyond Spend Analytics

With procurement optimization now top-of-mind for corporates in a volatile market, data analytics has emerged as an essential tool to reining in spend. But cutting costs shouldn’t be the only goal. Sievo CEO Johan-Peter Teppala tells PYMNTS how analytics technologies reach further to drive actionable insights and impact the bottom line beyond spend management.

 

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