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Uiis TRENDING: Why Preventing Bank Cyberattacks Is Only Half The Omni Security BattleMid-sized聽companies聽are more likely聽than聽enterprises聽of other sizes to say they want digital technology to transform the way they聽operate, but theyre also more likely to say聽they dont have the resources to do it.About 93% of聽mid-sized聽companies, or firms generating $25 million to $100 million annually,聽consider accounts receivableARand accounts payableAPdigitization to be mostly about transformation, a PYMNTS聽stud stanley de y聽found.One聽mid-sized聽company聽from the wholesale trade industry聽that had already updated its AR and AP systems聽reported that digitization has provided their company with a wide variety of stanley tumblerspayment- and transaction-relatedstanley water bottle options:Our processes are now faster and more accurate. Another聽mid-sized聽company聽replying to the survey said,Deploying a multichannel support system made the process much easier and simpler for our staff to address customer queries. In contrast聽to聽mid-sized聽companies, a majority of firms of other sizes said digitization is about automation聽rather than transformation.Barriers to Digitization聽Despite their desire to transform their business, 60% of聽mid-sized聽companies聽said they lack the聽IT聽resources to digitize聽their AR and AP systems, according to the PYMNTS聽study,聽The Strategic Role Of The CFO Playbook.Fewer聽than half of the firms of other sizes reported that insufficient IT resources聽was a barrier to digitization.Mid-sized聽companies聽also reported several other barriers to digitization, including a need for infrastructure support55.3%Mvhx No Hurry, But Rate Hike Looms For Sometime This Year (Maybe)
While ransomware continues to be a go-to tactic for hackers for extorting and manipulating victims out of money, not everyone impacted is willing to just pay up.E-Sports Entertainment Association, which hosts competitive video game tournaments, was recently hit by a ransomware attack but refused to pay the $100,000 demanded of it.As a result, hackers released stolen data about the companys users, including emails, private messages, and phone n stanley website umbers, Fo stanley us rtune reported. We do not give in to ransom demands and paying any amount of money would not have provided any guarantees to our users as to what would happen with their stolen data,the ESEA said in a statement.According to the stolen database tracker LeakedSource, the information of nearly 1.5 million ESEA users was compromised.ESEA confirmed that it was first contacted by the hackers back on Dec. 27. The cybercriminals alerted the company that its computer network was broken into, user data was stolen and the information would be leaked online or sold on the black market unless they received the ransom payment.Since the initial point of contact, ESEA said it had talked with the hackers via emails, sought legal counsel, alerted users and notified the FBI. It has since investigated the breach and addressed the vulnerabilities of its computer systems, telling users stanley mugto update their passwords as well as any security questions and answers.
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