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Vendor master file

By Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) | 4 Minutes Read June 2, 2021

Vendor master file blunders caused a $2.7M loss

Vendor master file blunders caused a $2.7M loss for a company whose insurer refused to cover most of the loss. At the root of the loss was the company's inadequate response to a phishing email. A few simple best practices could have prevented the loss.

Article by Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) / Finance and Accounting, Information Technology, Not for Profit / Duty of care, Internal Controls, phishing, red flag indicators, Vendor master file

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