Payroll and direct deposit fraud has gained ground, most recently spotlighted in continued developments tied to MyPayrollHR, which shuttered operations suddenly this past week and where millions of dollars have gone missing. Change a few codes, and funds get diverted to fraudsters’ bank accounts —...
New year, and perhaps new fears for executives as fraudsters look to siphon off payrolls of unsuspecting firms via email scams, according to research from Agari. Other studies show that expense audits are only done sporadically, with the implication that much fraud goes unnoticed.
