The Overlooked Importance Of Securing Incoming Payments
Incoming Payments Fraud Costs Companies Millions Every Year
Just 38% of businesses are using document and identity authentication tools, leaving most organizations vulnerable to fraud attacks on incoming payments. In this month’s “B2B Payments Fraud Tracker®,” a collaboration with nsKnox, Candler Eve, director of enterprise fraud at MidFirst Bank, gives three tips for avoiding invoice fraud.
Inside the January Tracker
- Candler Eve, vice president and director of enterprise fraud at MidFirst Bank, unpacks the challenges of detecting and preventing invoice fraud
- Fraud rates are rising, and losses are mounting. Companies must secure all aspects of their businesses — including their incoming payments systems
- Companies are turning to digital solutions to secure payments and prevent fraud as manual processes prove to be an inadequate solution