The $10M Question: Why 42% of US Companies Lost Big to Cyber Fraud in 2024

The AI Revolution Has Transformed Payment Fraud – Is Your Organization Ready?

In an era where 90% of US companies face cyber fraud attempts and 42% suffered losses exceeding $10M in 2024, traditional fraud prevention approaches are no longer enough. Trustpair presents an eye-opening session featuring industry experts Baptiste Collot, CEO, Trustpair, Michael Van Keulen, Chief Procurement Officer, Coupa, Gloria Wan, Executive Director, Kinexys by J.P. Morgan and Lee-Ann Perkins, Assistant Treasurer, Ankura Consulting as they dive into the rapidly evolving landscape of payment fraud and share critical insights for protecting your organization in 2025.

Our experts unpack the findings from Trustpair’s latest fraud trends research, revealing why cybersecurity vulnerabilities and economic pressures are creating perfect conditions for fraudsters, and why even well-trained teams are struggling to keep pace with AI-powered fraud tactics.

Key points:

An in-depth look at how fraudsters are leveraging AI to bypass traditional controls
Why manual verification methods and fraud awareness training aren’t enough
The critical importance of automated validation across the entire P2P process
Practical strategies for breaking down organizational silos and strengthen fraud prevention
This session is essential for finance leaders, treasury professionals, and risk managers who want to protect their organizations from the next generation of payment fraud.

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