- Published: Thursday, 27 June 2019 11:00
Invoice Fraud - What is it?
Invoice fraud is when fake invoices are sent to targeted businesses in an attempt to extract money from companies with possible vulnerabilities in their accounts payable processes. Although it is becoming more common over 43% of businesses still aren’t aware of it, nor the threat it poses to their business. According to Barclays £93 million was lost to invoice fraud last year.