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
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...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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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...

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