Fraud Update: Protections that No Longer Work and More

Fraud Update: Protections that No Longer Work and More provides updates on two really good fraud protection tactics that unfortunately are no longer 100% foolproof. This Fraud Update also includes a look at one type of #fraud attempt that is exploding in the #accountspayable and #accounting groups across the country.

It is upsetting to find that criminals have found a way to make fraud Protections that no longer work. They focus on the external email warning banks as well as notices of safe scans. Payment fraud trends and prevention move quickly making payment fraud management really important because new frauds focusing on accounts payable are growing.

Payment fraud prevention and detection should be a top priority for anyone who works in, manages or has responsibility for the accounts payable function. The fact that email external mail warnings are no longer as effective as they once were is upsetting. Fraud tactics and tricks continue to grow. That’s why technology and fraud go hand in hand, especially when it comes to preventing technology fraud. These are frauds enabled by technology including fraud email money transfer and fraud email change of bank account.

Learn more about AP Now at: www.ap-now.com

Sign up for AP Now’s twice a week, free ezine at www.ap-now.com

This is Sound Bite #56

This Fraud Update targets Protections that No Longer Work and More. Regrettably, fraud Protections that no longer work mean that managers have to revise their protocols. Payment fraud management is critical as there are so many new frauds focusing on accounts payable.