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

Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes
December 07, 2020  |  B2B Payments

Business email compromise (BEC) scams continue to ravage company coffers. Indeed, the last week has seen the emergence of even more examples coming to light....

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Australia, New Zealand Take A Hard BEC Scam Hit
Australia, New Zealand Take A Hard BEC Scam Hit
November 30, 2020  |  B2B Payments

While the business email compromise (BEC) scam is a global pain point for businesses, this week’s B2B Data Digest looks at the latest figures in...

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SEC Issues Corporate Fraud Warning As BEC Scams Climb
SEC Issues Corporate Fraud Warning As BEC Scams Climb
November 16, 2020  |  Cybersecurity

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware...

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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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