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It’s not hard to find stories about the devastating impact of accounts payable fraud. In fact, Strategic Treasurer notes in its 2022 fraud report that AP departments are the most vulnerable to email scams, with 73% listing it as their number one fraud concern.
If it seems like payment fraud cases are increasing, it’s because they are. AP teams are more vulnerable than ever, with business email attacks shooting up nearly 23% in the last year alone. Fraudsters are becoming ever more resourceful and constantly crafting new ways to get ahold of critical data right under your nose, like:
The good news is that the more we know about these fraudsters, the better we can arm ourselves against their attacks.
Download this whitepaper to explore 3 real-life cases of how AP staff have fallen victim to fraud schemes and 5 steps you can take to prevent B2B payment fraud within your organization.
“While it’s always important for your team to remain on guard when it comes to fraud, technology is your best weapon when it comes protecting your business — and your cash,”
says Royce G. Morse, IOFM Managing Editor.
Fraudsters thrive on disruption, which opens the door to process and technology vulnerabilities. Discover the 3 most common types of payment fraud and how you can protect your AP department as your organization transitions to its new normal, post-COVID.
In this digitally connected era, it’s clear that now is the time for organizations to rethink the B2C payment experience. This guide outlines how to transform the payment experience and meet your consumers' needs of user-friendliness, speed, flexibility, and security.
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