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As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. BEC fraud does not respect seniority, and it pays exceedingly well.”. billion (or slightly over half) of all losses tracked in 2019.
At the same time, financial institutions face increasing pressure to streamline investment accounting, enhance compliance, and reduce operational riskall while ensuring leadership has timely and accurate financial data to drive decision-making. WATCH Investment accounting compliance risks U.S.
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