Managing Security Risks with Virtual Bookkeeping
CFO Share
APRIL 11, 2024
Vendor Fraud What is Vendor Fraud: This type of fraud occurs when hackers send fake invoices to the accounts payable (AP) inbox, masquerading as legitimate vendors. A more nefarious version occurs when your vendor’s email gets hacked and the fraudster (using the vendor’s actual email address) claims they changed bank accounts.
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