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

Keeping Pace With The Evolution Of Business Email Compromise

Keeping Pace With The Evolution Of Business Email Compromise
Keeping Pace With The Evolution Of Business Email Compromise
May 03, 2021  |  Cybersecurity

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 >
Keeping Trust At The Heart Of Buyer-Supplier Discovery
Keeping Trust At The Heart Of Buyer-Supplier Discovery
April 28, 2021  |  B2B Payments

Supply chain diversification is an absolute must for organizations operating on a global playing field. Get the Full Story Complete the form to unlock this...

READ MORE >
Report: Automation Protects Business Payments From Email Compromise
Report: Automation Protects Business Payments From Email Compromise
April 28, 2021  |  Fraud Prevention

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Internal B2B Payment Fraudsters Wreak Havoc On Businesses
Internal B2B Payment Fraudsters Wreak Havoc On Businesses
April 19, 2021  |  B2B Payments

The business email compromise (BEC) scam remains a massive threat to companies. But sometimes, the biggest fraud risk can be found within the enterprise. Get...

READ MORE >
A Quiet VC Week Eyes B2B Payments, SMB Banking Funding
A Quiet VC Week Eyes B2B Payments, SMB Banking Funding
April 16, 2021  |  B2B Payments

This week’s B2B FinTech venture capital roundup is dominated by smaller funding rounds totaling less than $100 million in collective fundraising. While it was a...

READ MORE >
Why The Data Breach Decline Is Bad News For Businesses
Why The Data Breach Decline Is Bad News For Businesses
February 01, 2021  |  B2B Payments

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were...

READ MORE >
Brexit Raises The Stakes For B2B Payments Fraud
Brexit Raises The Stakes For B2B Payments Fraud
December 28, 2020  |  B2B Payments

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. In a recent announcement, Nacha said that a...

READ MORE >