nsknox - B2B Payments Fraud: The Overlooked Importance Of Securing Incoming Payments - January 2023 - Explore the overlooked risk of incoming payments fraud and what companies can do to protect themselves

Incoming Payments Fraud Costs Companies Millions Every Year

The Overlooked Importance Of Securing Incoming Payments

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

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