What is Invoice Fraud?

Invoice fraud has become a rampant concern in today’s digitally-driven business environment. According to the 2024 AFP Payments Fraud and Control Survey Report, a staggering 80% of organizations fell victim to payment fraud attacks or attempts in 2023, marking a significant 15-percentage point surge from the previous year. This statistic reminds us of businesses’ escalating threat landscape, particularly in fraudulent activities like invoice fraud, which we will discuss in this article.

Invoice fraud stands out …

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