Israeli prosecutors indicted four people Wednesday for running an international scam that cost companies millions of dollars. The prosecutors said that the four men gathered information about employees who handle finances for major companies, as well as information about vendors they did business with. They then claimed to be the CEO of the company or a representative of the vendor and convinced employees to transfer money to them. The scam managed to net over $10 million for the defendants.
FBI officials recently put out a warning that Business E-mail scams, such as this, are on the rise. Since January 2015, there has been a 270% increase in this sort of scam. The scam itself has amounted to more than $2.3 billion in losses for companies. Furthermore, they advise that if your company has been the victim of such a scam to contact their financial institution immediately and file a complaint with the Internet Crime Complaint Center (IC3)
As a pay by phone solution provider, IVR Technology takes data and financial security seriously. We guarantee that your information is safe because we are level one PCI compliant. A PCI compliant solution also means your company is protected from liability issues if your payment processing servers are not secure.
How do we know your sensitive information is safe?
In accordance with PCI-DSS security measures, sensitive information is run through a process known as tokenization. This means that sensitive data is replaced with a surrogate value that has no exploitable relation with the original. The token itself is an identifier that maps back to the sensitive data through a tokenization system.
When it comes to the security of your customers’ data, mobile payments, and personal information it’s best not to take chances. Our solutions will make sure that this information is kept confidential and secure.
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