Faced with the alarming increase in financial fraud in the Spanish business environment, the consultant All CMS has taken a step forward presenting a practical guide to help financial addresses to protect themselves against these increasingly sophisticated threats.
Specialized in financial management solutions, All CMS Alert the boom of deception techniques such as CEO fraud, attacks through Deepfake, identity supplant or the use of false emails to divert funds. This new document, prepared by your team of experts, collects good practices and concrete measures to reduce the exposure of companies in the face of these types of crimes.
One of the foci of concern that the consultant stands out is the Business Email Compromise (BEC), a modality in which the attackers are passed through high executives, generally through apparently legitimate electronic emails, to induce employees to make urgent transfers to fraudulent accounts. This tactic, which combines social engineering and technological vulnerabilities, continues to cause millionaire losses worldwide.
In addition to the BEC, the guide also warns of other recurring threats such as fraud associated with electronic payments, checks and ransomware attacks, as well as the use of technologies such as artificial intelligence to imitate voices and deceive employees with false calls. The exploitation of weak processes, such as lack of controls in accesses or the absence of verification in the authorization of payments, remains an entrance door for criminals.
Pierre Bouaziz, partner of All CMS, emphasizes the importance of anticipating the problem: «Fraud not only involves a financial threat, but also puts the integrity of the entire company in check. Prevention is the best defense »he states.
Financial Fraud: How to Protect
The consultant proposes a series of measures ranging from the standardization of workflows with complete traceability to the implementation of robust authentication systems and continuous monitoring of bank accounts. These actions seek not only to detect suspicious behaviors in real time, but also block undue access attempts and minimize the margin of human error.
Payments fraud is one of the most common financial threats in the current business world
But technology, they warn, is not enough by itself. One of the fundamental pillars to strengthen the defense against fraud is the formation of teams. Employee awareness and the construction of an organizational culture that prioritizes security are key to identifying threats from their origin and preventing attackers from taking advantage of internal or disasters.
The publication of this guide is part of All CMS’s commitment to the transformation of the financial function in companies. With extensive experience in payment automation and bank connectivity, the firm accompanies its clients in the evolution towards more efficient and safe models, offering solutions that allow treasury departments to operate with greater visibility, control and trust.
In a context where financial crime evolves at the same rate as technology, tools such as this guide become indispensable allies for companies that seek to keep a step forward. The proactivity, continuous training and the adoption of good practices are no longer optional: they are the only way to arm a threat that does not stop growing.
