While fraud is a perpetual concern of finance teams, the risks have increased substantially over the past year. Facing significant disruptions to their accounts payable process, many businesses have been forced to circumvent their own controls simply to get supplier payments out the door. This has provided fertile ground fraudsters to strike, leading to a surge in phishing and business email compromise (BEC) schemes. On top of that, lapses in controls have opened the door for increased instances of occupational fraud—which go undetected for two years, on average.
In this webinar, we will outline the “4 Ps” of fraud prevention: people, process, platform, and payments. Gain insight into how AP and payments fraud schemes are evolving and becoming ever-more sophisticated. And walk away with a comprehensive vision for how to mitigate these risks, along with tips and best practices you can implement immediately.