According to the American Rental Association, there are two types of cyber threats on the rise threatening equipment rental operations: social engineering attacks and invoice manipulation.
Social engineering schemes involve malicious actors infiltrating an equipment company’s digital systems by subterfuge and exploiting that access for financial gain.
Invoice manipulation involves using a system or data-breach access to create and distribute doctored or otherwise fraudulent invoices.
Cloud ERP providers such as Acumatica protect users from common scams that can bring havoc to a company and Rental360, a complete, modern ERP built into the Acumatica framework for companies that rent equipment, can protect rental companies in unique ways.