Vendor Master File Cleaning: Nine Steps to Ensure Accuracy and Compliance
There are nine essential steps involved in cleaning up a vendor master file. These steps include several actions that should occur at vendor onboarding but…
A Classic Case of Vendor Email Compromise
Criminals are compromising emails to steal money from businesses, governments and institutions. Any organization can be a target: businesses of any size, health care organizations,…
Special Report: Criminal Business Email Compromise
Are You Prepared? Aggressive Cybercriminals Are Sophisticated; Security, IT and Finance Teams Must Be Too People receive more than 120 emails at work per day…
Payment Fraud: ACH Is Not Immune and Email Is Not Safe
An Association of Financial Professionals (AFP) survey on payment fraud shows 80 percent of organizations experienced attempted or actual payment fraud in 202. Payment fraud…
Video: Best Practices for Handling One-Time Vendor Payments
Most companies have vendors to whom a payment will be made only once. When these payments flow through the Accounting System or ERP, Accounts Payable…
Video: Create a Vendor Authentication Matrix
Fraud Prevention You receive a request to change remittance information from the vendor. Is that really the vendor? Combat business email compromise, deepfakes, and other…
Video: External Fraud – How Criminals Socially Engineer Us and How to Avoid Getting Fooled
Criminals are using common technologies to commit fraud, employing social engineering to fool AP staff into paying them. Fraudsters employ phishing, vishing, smishing and more…