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

How B2B Payments Fraud Hides Within The Enterprise

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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Mark Cuban Among Professionals Who Have Faced AP Fraud
Mark Cuban Among Professionals Who Have Faced AP Fraud
February 10, 2020  |  B2B Payments

From payroll to accounts payable (AP), B2B payments fraud continues to threaten organizations of all sizes, industries and geographies. Get the Full Story Complete the...

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The B2B Payments Fraud Threat Of Internal Employees
The B2B Payments Fraud Threat Of Internal Employees
January 13, 2020  |  B2B Payments

It was a difficult week for businesses getting hit with cyberattacks, with foreign currency company Travelex among the most high-profile of recent cases. The currency...

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Law Enforcement Cracks Down On Corporate Payments Fraud
Law Enforcement Cracks Down On Corporate Payments Fraud
December 23, 2019  |  B2B Payments

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry, directly to corporates. The initiative enables 2,000 corporate...

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FinServ Providers Lift Some Of B2B’s Fraud Burden
FinServ Providers Lift Some Of B2B’s Fraud Burden
December 02, 2019  |  B2B Payments

As B2B fraud threats like the business email compromise (BEC) scam or internal employee theft continue to grow for businesses large and small, experts are...

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