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

Easing The Online Shift With Integrated Invoicing
Easing The Online Shift With Integrated Invoicing
November 03, 2020  |  B2B Payments

While FinTech innovation has opened up the doors for small- to medium-sized businesses (SMBs) to access more sophisticated solutions to manage money, software fatigue has...

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Why PDFs Aren’t Enough To Digitize The Procure-To-Pay Workflow
Why PDFs Aren’t Enough To Digitize The Procure-To-Pay Workflow
October 30, 2020  |  B2B Payments

Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal....

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Today In B2B Payments: A New FinTech Launches, And CPS Finds A Buyer
Today In B2B Payments: A New FinTech Launches, And CPS Finds A Buyer
October 28, 2020  |  B2B Payments

Today in B2B payments, accounts payable automation firm CPS finds a buyer. Plus, a new FinTech, OpenEnvoy, launches to combat B2B payments fraud, while PCMI...

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Cyberattackers Go Global To Steal Company Cash
Cyberattackers Go Global To Steal Company Cash
September 08, 2020  |  B2B Payments

With cyberattacks skyrocketing amid the pandemic, new data is rolling out to paint a picture of just how damaging the ramped-up thievery has become. In...

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Invoice Fraud Strikes Amazon In $19M Scam
Invoice Fraud Strikes Amazon In $19M Scam
August 24, 2020  |  B2B Payments

In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New...

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How B2B Payments Fraud Hides Within The Enterprise
How B2B Payments Fraud Hides Within The Enterprise
August 03, 2020  |  B2B Payments

When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. Get the Full Story Complete the form to...

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BEC Scammers Embrace Coronavirus Opportunity
BEC Scammers Embrace Coronavirus Opportunity
April 13, 2020  |  B2B Payments

Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment, Luckin Coffee’s internal accounting fraud investigation, and new...

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Shark Tank Star Out $400K In Invoice Fraud Scam
Shark Tank Star Out $400K In Invoice Fraud Scam
February 27, 2020  |  B2B Payments

Invoice fraud scams continue to target businesses of all sizes and industries, with experts warning of a major spike in various iterations of business email...

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What India’s Tax Reform Means For Trade Finance Fraud
What India’s Tax Reform Means For Trade Finance Fraud
February 10, 2020  |  B2B Payments

India recently embarked on an electronic invoice mandate initiative, with the Central Board of Indirect Taxes and Custom (CBIC) introducing rules that require eInvoice adoption...

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