Invoice Fraud

Invoice fraud is when fake invoices are sent to targeted businesses in an attempt to extract money from companies with vulnerabilities in their accounts payable processes.

Source: blog.procurify.com

AP Automation Frees Teams to Think Strategically When Fighting Payments Fraud

AP Automation Frees Teams to Think Strategically When Fighting Payments Fraud
AP Automation Frees Teams to Think Strategically When Fighting Payments Fraud
March 08, 2022  |  Security & Fraud

While many businesses made the shift to digital during the pandemic, some — too many, in fact — are still relying on paper-based accounts payable...

READ MORE >
In B2B Payments Fraud, All Roads Lead Back To The Invoice
In B2B Payments Fraud, All Roads Lead Back To The Invoice
August 09, 2021  |  B2B Payments

There is more than one way to commit B2B payments fraud. But in this week’s B2B Data Digest, a roundup of the latest cases reveals...

READ MORE >
The B2B Fraud Lens Focuses In On Invoice Scams
The B2B Fraud Lens Focuses In On Invoice Scams
July 26, 2021  |  B2B Payments

Business email compromises (BEC) are among the most common methods of B2B payments fraud and can frequently involve invoice manipulation when a cyber attacker or...

READ MORE >
Prolific Ransomware Attack Raises SMBs’ Security Concerns
Prolific Ransomware Attack Raises SMBs’ Security Concerns
July 12, 2021  |  B2B Payments

Business email compromise (BEC) scams continue to wreak havoc on businesses’ B2B payment workflows, but this week’s B2B Data Digest finds ransomware has once again...

READ MORE >
Cyberattacks, Internal Fraud Overwhelm Businesses With Massive Losses
Cyberattacks, Internal Fraud Overwhelm Businesses With Massive Losses
June 14, 2021  |  B2B Payments

B2B fraud and cybersecurity technology are surging as cyber threats ramp up against the enterprise and as multimillion-dollar hauls from cybercriminals make headlines. Get the...

READ MORE >
Should Banks Reimburse Businesses For Fraud?
Should Banks Reimburse Businesses For Fraud?
June 01, 2021  |  B2B Payments

Consumer fraud is an ugly beast, but often, individuals can sleep soundly knowing that instances of fraud are often covered by their banks. Corporates, however,...

READ MORE >
Corporate Ransomware Rears Its Ugly Head Once Again
Corporate Ransomware Rears Its Ugly Head Once Again
May 17, 2021  |  B2B Payments

Ransomware is once again top-of-mind for corporate finance leads in the wake of the Colonial Pipeline attack. Get the Full Story Complete the form to...

READ MORE >
Keeping Pace With The Evolution Of Business Email Compromise
Keeping Pace With The Evolution Of Business Email Compromise
May 03, 2021  |  Security & Fraud

Business email compromise (BEC) is an ever-evolving beast that threatens organizations of all types and sizes around the globe. But companies are not entirely defenseless...

READ MORE >
How Fostering A Culture Of Fraud Awareness Alongside Automated Tools Can Help Businesses Beat BEC Scams
How Fostering A Culture Of Fraud Awareness Alongside Automated Tools Can Help Businesses Beat BEC...
April 29, 2021  |  Fraud Prevention

Fraudsters have found a new twist on an old favorite — business email compromise scams. In the inaugural Preventing Financial Crimes Playbook, Jeff Taylor, senior...

READ MORE >