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Deepfake Technology Used to Fool Employees into Transferring Funds to Criminals

InterWest Insurance Services

The newest cyber and financial fraud threat facing businesses is deepfake technology, which criminals are using to extract money from unsuspecting accounts payable personnel. million) to various Hong Kong bank accounts in a series of transactions. The creations have grown increasingly sophisticated and harder to detect.

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5 Pre-Tax Tools to Keep Your Stress Levels Low

Benefit Resource Inc.

BONUS: ID Theft Services are comprehensive and can cover your bank accounts, medical IDs, social security numbers and even email addresses. You can also read our blog on substantiation. Each dollar going into a pre-tax benefit account saves you 30 to 40 cents per dollar. Find out more about our monitor, replace, repair approach.

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Growing Risks of Benefits, Payroll Platforms

InterWest Insurance Services

The results of a hacker gaining access to the company’s payroll systems, sloshing with cash, as well as employees’ personally identifiable information can be devastating both to the employer as well as its workers, according to a blog by the law firm McLane Middleton. Bank account information for employees and dependents, and.

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What are The Pre-Payroll activities? A detailed overview

Qandle

This includes employee details such as names, addresses, social security numbers, tax withholding information, bank account details for direct deposit, and any changes in employment status or compensation. Payroll Reconciliation: Before processing payroll, perform a thorough reconciliation of all payroll-related accounts.

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Tips on entering emerging travel payment markets

WEX Inc.

It is always a good idea to ask yourself, “What is the easiest way for your customer to pay and for you to reconcile that payment?” With nearly 20% of all attempted transactions in the travel industry identified as a fraud attack, according to ThreatMetrix , fraud is a real risk that needs to be accounted for when entering emerging markets.

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What is Payroll – A Comprehensive Guide, Definition, Processes & Solutions

Qandle

Software Integration: Ensuring seamless integration with accounting and HR systems. What are the advantages of using Payroll? It involves various tasks, including calculating wages, withholding taxes and other deductions, and ensuring that employees receive their net pay.

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Payroll Calculation in Excel vs. Payroll Software: Which Is Better?

Qandle

In this blog, we will explore the intricacies of payroll calculation, comparing the use of Excel spreadsheets to dedicated payroll software. What Does It Mean to Run Payroll? Account for Benefits: Deduct employee contributions for benefits like health insurance, retirement plans, and other voluntary deductions.