Businesses using invoicing systems that allow for delay of payment create a window of opportunity for cybercriminals to receive goods, services, and/or money before becoming detected. (Photo: Shutterstock)
We never know where the threats are going to come from. They are presented sometimes as emails, phone calls, oor requests that appear to be legitimate but the sender or caller is very likely sitting in a location somewhere across the globe trying to fraudulently access a company's business records.
From 2019 to 2020, the U.S. experienced a 311% increase in ransomware attacks, with victims paying out a total of $350 million. Experts believe one important contributing factor for this kind of attack is the number of employees working from home. The COVID-19 pandemic forced the country to work remotely, creating the perfect storm for hackers.
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