Case Study

Company Survives Ransomware Attack with Streamlined Payment Processing Services

Company Survives Ransomware Attack with Streamlined Payment Processing Services

THE CHALLENGE An existing customer with Corcentric was faced with a daunting situation: one of their internal accounting systems had been attacked by ransomware, a malicious software designed to block access to a computer system until a sum of money is paid. In this case, the ransomware shut down the program’s accounting operations, which meant vendors enrolled in the program and vendors from other sister business units couldn’t get paid. The company needed an emergency payment option, and Corcentric stepped up to the plate. Corcentric centralized billing through one streamlined source and initiated payments to vendors and employees who would not have been paid. THE SOLUTION Quickly responding to the problem at hand, Corcentric issued a notification to the entire or

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