New Frauds Focusing on Accounts Payable: Payment Fraud Trends and Prevention

New frauds focusing on accounts payable are growing. That’s why payment fraud management is critical. Payment Fraud Trends and Prevention are hot topics for all #accountspayable and accounting professionals. #PaymentFraud unfortunately has new trends, that we all need to learn about. That’s why we created this talk on Fraud Prevention and Fraud Trends.

Trends in Fraud change making it critical that everyone continually update themselves on the issues. For example, a new survey was released recently showing the top phishing hashtags. Alas, they all focus on issues near and dear to the hearts of accounts payable and accounting professionals.

Today corporate fraud protection means knowing what synthetic fraud, also called synthetic identity fraud is, how it works and what you need to do to protect yourself and your company. Alas phishing phony invoices is now a top way criminals ply their trade. Fraud protection advanced must be updated regularly to ensure knowledge of all the newest payment fraud prevention and detection best practices.

New frauds focusing on accounts payable continue to evolve and get more creative. That’s why payment fraud management should be at the top of everyone’s list. Payment Fraud Trends are changing making some Prevention techniques obsolete while others are added.