Fraud & Abuse

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How to Protect Your Banking Information When Providing it to Vendors?

Best Practices to Mitigate AR Fraud

Failing to properly maintain your customer master file (CMF) runs the risk of exposing the organization to internal and external fraud, as well as regulatory fines and bad customer data. Fraud

Failing to properly maintain your customer master file (CMF) runs the risk of exposing the organization to internal and external fraud, as well as regulatory fines and bad customer data. Fraud

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On-demand Webinar: Strategies for Making Effective Confirmation Calls to Prevent B2B Payment Fraud

Are you making confirmation calls to your vendors to confirm vendor adds or changes to vendor remittance details? Confirmation calls can be part of a multi-step internal control process to

Best Practices for Verifying ACH Bank Accounts to Prevent Fraud

Understanding USPIS and Combating Mail Theft-Related Check Fraud

The United States Postal Inspection Service (USPIS) is the nation's oldest law enforcement agency, founded to ensure the security and integrity of the US Postal Service. As check fraud via mail theft

IOFM Spring Session Could Have Prevented a $25 Million Deepfake Fraud

A new IOFM Spring conference session could help you avoid being the next deepfake victim.

Using AI images and voices, a Hong Kong-based company was tricked out of $25 million. According to

15 Ways to Prevent the Most-Common AR Frauds

Think AR fraud can’t happen at your organization? Think again.

Here’s five real life horror stories and actions you can take today to prevent from becoming the next victim.

Example #1:

Managing Vendor Forms and Anti-Fraud Requests: Best Practices for AR Teams

Fraud Alert: IOFM Member Identifies Currency Conversion Scam

Converting foreign funds into U.S. dollars is a costly and time-consuming effort. So, if your AR contact says you can just pay in local currency, you might be tempted to jump at the offer.

But

On-demand Webinar: Guarding Your Revenue: Understanding and Preventing Accounts Receivable Fraud

External accounts receivable (AR) fraud is a growing threat to businesses of all sizes. Perpetrated by external parties such as customers, vendors, or cybercriminals, this type of fraud often