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

Businesses Move Fraud Checks Ahead of Payments

Businesses Move Fraud Checks Ahead of Payments
Businesses Move Fraud Checks Ahead of Payments
September 24, 2026  |  Fraud Prevention

A payment request can look perfectly ordinary until someone checks the bank account. By then, the finance team may be one click away from sending...

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Phony AI-Created Receipts Become Real Problem for Businesses
Phony AI-Created Receipts Become Real Problem for Businesses
October 26, 2025  |  Cybersecurity

Artificial intelligence (AI) is reportedly helping employees scam their bosses with phony expenses receipts. The rise of new image generation models from companies like Google...

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Routable Adds Fraud-Detecting AI Agent to AP Automation Platform
Routable Adds Fraud-Detecting AI Agent to AP Automation Platform
February 06, 2025  |  Fraud Prevention

Routable has enhanced its accounts payable (AP) automation platform by adding an AI agent that can detect both invoice fraud and human error. “As fraudsters...

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Invoice Invasion: Defending the Finance Department From Hidden Fraud Risks
Invoice Invasion: Defending the Finance Department From Hidden Fraud Risks
September 17, 2024  |  Cybersecurity

Businesses can’t grow without getting paid, and businesses won’t get paid without an invoice. But fraudsters have taken notice, capitalizing on the fact that the...

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Basware Debuts AI-Powered Fraud Prevention Tool
Basware Debuts AI-Powered Fraud Prevention Tool
April 22, 2024  |  Fraud Prevention

Accounts payable (AP) automation company Basware has launched a new fraud/error protection solution. AP Protect, announced Monday (April 22), is an artificial intelligence (AI)-powered tool that helps...

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It’s Not Enough That Businesses Win – Fraudsters Must Also Lose 
It’s Not Enough That Businesses Win – Fraudsters Must Also Lose 
June 08, 2023  |  Cybersecurity

The digital age has brought with it a new, sophisticated twist to traditional fraud threats. But while the threat of cybercrime is constantly evolving, as...

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PYMNTS Intelligence: How SMBs Can Fight the Fraud Threats of Remote Work
PYMNTS Intelligence: How SMBs Can Fight the Fraud Threats of Remote Work
April 04, 2023  |  Fraud Prevention

Remote working was a boon to businesses during the pandemic, as technology allowed many companies to remain productive when much of the world was shutting down. Along with...

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Authentication Is Necessary to Stop Invoice Fraud
Authentication Is Necessary to Stop Invoice Fraud
January 19, 2023  |  B2B Payments

Only 38% of businesses are using document and identity authentication tools, leaving most organizations vulnerable to fraud attacks linked to incoming payments. In this month’s...

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