AP Profiles: Fraud and the Vendor Master File with Debra Richardson

One way fraudsters seek to steal from organizations is by having banking information changed in the Vendor Master File to divert funds to themselves. We spoke with VMF expert Debra Richardson to learn about the tactics and threats AP professionals are experiencing, how that’s changing, and what can be done to prevent getting ripped off. Q. What’s the biggest trend you see lately in VMF fraud? Is this changing? A. I think business email compromise is still a very big issue, even though…