Invoice fraud: How it works and five ways to prevent it

Trendsight03 Aug, 2022Business

Invoice fraud is an illegal behavior in which criminals reroute payment of your outstanding invoices to their personal bank account details by impersonating your firm or employees, or even a supplier or vendor. Payment redirection schemes are the most prevalent type of fake invoice fraud. These payment redirection scams are audacious, and the crooks are merciless, demanding that money owing to you be put into a bogus account.