08/23/2024

Cyber Hygiene: The Constant Defense Against Evolving B2B Threats

PYMNTS

Today’s cybersecurity and fraud landscape is increasingly becoming an arms race.

For every 12-foot-tall wall that businesses build, fraudsters start to shape an ever-more sophisticated 13-foot ladder. In this tit-for-tat landscape, constant vigilance has become crucial.

“What you want to do is catch it before it becomes a crisis,” Boost Payment Solutions Chief Technology Officer Rick Kenneally told PYMNTS for the series “What’s Next in Payments: Protecting the Perimeter.”

He added that the first step in threat detection can be as simple as “keeping up with the basics” as it relates to monitoring and compliance checks, noting that “they will turn things up.”

Within the world of B2B payments in particular, the ongoing challenge of thwarting fraudsters is especially pronounced due to the large transaction values and complex processes that can create unique and attractive vulnerabilities.

Kenneally explained that detection, prevention and protection in the B2B environment is not just about internal vigilance but also about selecting strong partners who can provide valuable insights and support.