Invoice fraud
With invoice fraud on the increase, here are some ways to spot the increasingly sophisticated techniques used and protect your business.
Invoice fraud is on the increase in the UK, with a number of sizeable frauds recently hitting the headlines, including one for over £1million. Fraudsters are targeting their victims with increased sophistication, enabled partly by the rise in electronic communications. Bearing this in mind, how can you spot an invoice fraud, and how can you protect your business from the fraudsters?
Invoice frauds happen when an organisation is unwittingly tricked into changing a supplier’s bank account details so that future payments to that supplier for genuine services are paid instead to the fraudster.