News Summary

Eftsure, a leader in payment fraud prevention, has released the Cybersecurity Guide for CFOs, emphasizing the need for finance leaders to adopt adversarial thinking to combat modern scams. As cybercriminals increasingly leverage AI to enhance their tactics, traditional fraud controls are proving insufficient. The guide introduces concepts like red teaming and pressure testing to help finance teams pre-empt these sophisticated scams. Notably, business email compromise (BEC) scams alone have resulted in significant financial losses, with the FBI estimating $2.9 billion lost in the US. Eftsure’s resource aims to educate CFOs on AI’s role in scams and how to develop robust anti-fraud strategies. The guide is available online.