Invoice and payment fraud is a major concern for AP teams today. It's imperative to know the ways in which your organization could be vulnerable. Check out today's blog to learn about real-world examples of companies that got tricked, as well as the prevention tactics your team can put in place to protect itself from fraudulent attempts. #paymentfraud #invoicefraud #accountspayable https://lnkd.in/gT--4hbg
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Director of Sales with Corcentric / Creator of Cars & Cigars Magazine LLC / Cars & Cigars Media / Owner MyVoiceForHire.com
Invoice fraud is a type of business email compromise (BEC) scam that occurs when a fraudster impersonates a supplier or partner to trick a business into paying a fake invoice or paying a legitimate invoice to a fake account. These scams can be costly, with a 2021 FBI report estimating that each incident resulted in an average loss of over $120,000.00 #paymentfraud #invoicefraud #accountspayable #Corcentric
Invoice and payment fraud is a major concern for AP teams today. It's imperative to know the ways in which your organization could be vulnerable. Check out today's blog to learn about real-world examples of companies that got tricked, as well as the prevention tactics your team can put in place to protect itself from fraudulent attempts. #paymentfraud #invoicefraud #accountspayable https://lnkd.in/gT--4hbg
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Entrepreneurial, Strategic P/L Leader | General Management | Sales | Business Development | GTM Strategy
Payment fraud is real! Learn more about how Corcentric can help.
Invoice and payment fraud is a major concern for AP teams today. It's imperative to know the ways in which your organization could be vulnerable. Check out today's blog to learn about real-world examples of companies that got tricked, as well as the prevention tactics your team can put in place to protect itself from fraudulent attempts. #paymentfraud #invoicefraud #accountspayable https://lnkd.in/gT--4hbg
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Invoice and payment fraud are serious challenges for Accounts Payable teams. It’s crucial to understand how your organization might be at risk. In our latest blog post, we explore real-world cases where companies fell victim to these scams. We also share practical strategies your team can use to safeguard against fraud. Take a look and arm your team with the knowledge to stay protected! #ProvenResultsBuiltTogether
Invoice and payment fraud is a major concern for AP teams today. It's imperative to know the ways in which your organization could be vulnerable. Check out today's blog to learn about real-world examples of companies that got tricked, as well as the prevention tactics your team can put in place to protect itself from fraudulent attempts. #paymentfraud #invoicefraud #accountspayable https://lnkd.in/gT--4hbg
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Compliance Community Lead @ Skillcast | Community Building, Compliance Evangelism
A report by the FCA found that over 116k people in the first half of 2023, fell victim to APP Fraud. The review calls for increased support from banks and payment firms to support and prevent their customers from fslling victim to fraud. In this 2 min article CEO of Slillcast Vivek Dodd shares some simple pointers to support firms in their financial crime prevention efforts. #financialcrimeprevention #fraudprevention #compliancetraining #community
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Small businesses are frequently targets of fraudulent activities due to their limited resources. Fortunately, valuable resources and effective fraud prevention solutions such as Positive Pay are available. Positive Pay is a fraud prevention tool designed to prevent fraud attempts by rigorously confirming the authenticity of payments. This tool acts as a shield for your business, safeguarding it against potential financial losses from both check and ACH fraud. To learn more about Positive Pay and contact a specialist, please visit: https://ow.ly/zqpr50PXNEp CNBFL Member FDIC #FraudPrevention #CybersecurityAwarenessMonth
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Are you worried about the rising threat of business payment fraud? First Mid is here to keep your business accounts safe and secure. Our cutting-edge Business Fraud Protection services provide a robust shield against unauthorized and unwanted transactions to your business account(s). With state-of-the-art technology and expert guidance, we've got you covered. Learn more about our services here: https://lnkd.in/gk_xKnKb. Don't let fraudsters get the upper hand! Protect your business with First Mid. #BusinessProtection #FraudPrevention #SecureYourFuture #TreasuryManagement
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🔒 Protect Your Business from Check Fraud! Check fraud is on the rise, with criminals targeting businesses through various schemes, including mailbox thefts. Stay vigilant with these quick tips: • Monitor business transactions online regularly. • Report any suspicious activity immediately. • Use the inside of the post office for mailing checks. • Opt for online bill payments. • Safeguard your business checkbook. For more insights on check fraud prevention, read the full blog article here: https://lnkd.in/g_cQdyHk. #ProtectYourBusiness #FraudPrevention #FirstMidSafety #FraudEducation
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The evolving threat of payment fraud should be treated as a priority when safeguarding your business 🛡️ Payment fraud can devastate all who fall victim and result in substantial, irrevocable losses 😰 If you want to learn more about the different types of payment fraud and how to identify and prevent attacks effectively, we’ve got you covered ✅ We have created a comprehensive free guide to help you safeguard your business against attacks. Get your copy here https://lnkd.in/efm8zKPi #fraud #fraudprevention
Payment fraud detection and prevention
insights.interbacs.com
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Did you know that over 159,600 identity fraud cases were reported in Australia in 2023? 🤔 What does this mean for your trade-credit operations? Are your current fraud prevention measures enough to protect? Is fraud protection a headache that you are looking to solve? With automation, it's actually all pretty easy. Connect with Laura H. for a conversation on de-risking your trade-credit operations. #tradecredit #creditmanagers #finance #technology #innovation
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Recognizing the heightened focus around fraud prevention in March, the need to be vigilant is a year-round commitment. This article includes tips to avoid fraud in online transactions & references some products/services to help transactions flow smoothly and assist in protecting against card-not-present fraud. https://lnkd.in/gWS7FeUX
Tips to Avoid Online Fraud
chase.ca
