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

Study Finds Half Of UK Firms Vulnerable To Invoice Fraud

Study Finds Half Of UK Firms Vulnerable To Invoice Fraud
Study Finds Half Of UK Firms Vulnerable To Invoice Fraud
March 08, 2019  |  B2B Payments

Invoice fraud is on the rise in the UK, with half of all businesses exposed, according to a Santander study.  Separately, a US college campus...

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AP Professionals Often Their Own Biggest Hurdle In Automation
AP Professionals Often Their Own Biggest Hurdle In Automation
November 21, 2018  |  B2B Payments

Outsourcing key functions of the enterprise may allow professionals to finally turn their attention away from the minutiae of manual processes and toward more strategic,...

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South Africa Government Losing Billions To Trade Mis-Invoicing
South Africa Government Losing Billions To Trade Mis-Invoicing
November 21, 2018  |  B2B Payments

Analysts estimate the South African government has lost a total of about $37 billion as a result of misinvoicing in its global trade operations. Get...

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Invoice Fraud Hits Microsoft?
Invoice Fraud Hits Microsoft?
October 19, 2018  |  B2B Payments

Invoice fraud — changing details so that money is routed to fraudsters’ bank accounts — may have hit Microsoft through one of its own employees. Elsewhere,...

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In Payments Fraud, Impersonation Gets Personal
In Payments Fraud, Impersonation Gets Personal
September 07, 2018  |  B2B Payments

In the U.K., it’s well known that late payments bedevil firms – but what of payments fraud? Impersonation fraud, also known as business email compromise...

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Phishing Amid The Sea Of Invoice Fraud
Phishing Amid The Sea Of Invoice Fraud
August 24, 2018  |  Fraud Prevention

If the saying is that there is nothing new under the sun, only new ways to say it, then let’s extend the sentiment to payments....

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Europe Grabs B2B Payments Fraud (Small And Large) Headlines
Europe Grabs B2B Payments Fraud (Small And Large) Headlines
August 17, 2018  |  B2B Payments

The land down under has seen some underhanded tactics when it comes to payments fraud. Beyond some cautionary tales tied to phishing, in Europe one finance...

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Interpreting The Language Of The Supplier Invoice
Interpreting The Language Of The Supplier Invoice
August 08, 2018  |  B2B Payments

In FinTech‘s never-ending path to combating friction, B2B solution providers often take one of two approaches: design a holistic solution that allows a company to...

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