July 2026: Is AI-Powered Fraud Outsmarting Your AP Controls?

INSIDE SCOOP: 

Thanks to AI, fraudsters can now more easily work through AP controls. By mimicking legitimate vendors, hijacking onboarding workflows, and exploiting outdated supplier data, they move undetected through approved processes. But forward-thinking AP teams are fighting back with automation, stronger vendor onboarding, and more. 

TOP NEWS: 

	What Fraudsters Teach Better Than Trainings: AP Lessons You Can’t Ignore Read now by clicking the image.
	AI vs. AI: Stopping Payment Fraud in Accounts Payable Watch now by clicking the image.
	From Deepfakes to Day-to-Day Controls: Takeaways from IOFM Spring 2026 Read now by clicking the image.

HEAR FROM THE EXPERTS:

QUESTION: We are looking to find a better way to verify supplier changes such as ACH banking information. Is anyone using a specific software or procedure? 

ANSWER: A confirmation call alone is not a guaranteed safeguard…

Join our community to read the full answer and explore our diverse library of Ask the Expert Q&As!

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THE IOFM PODCAST:

W-9 Collection: Five Bad Habits Putting Your Vendor Data at Risk

In this episode of The IOFM Podcast, Debra Richardson joins host Grace Berube to discuss the year-round importance of W-9 collection and walks through five common but risky habits AP teams fall into when collecting them. 

Business-To-Business (B2B) Payment Fraud Prevention Master Class

This Master Class explores the various forms of B2B payment fraud, the methods used by perpetrators, and the essential strategies your organization can adopt to protect itself, its team members, and its vendors. 

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The Future of AP Fraud: What Every Finance Team Must Know in 2026

This session will give finance professionals a practical view of how AP fraud is evolving, where the greatest vulnerabilities now exist across the procure-to-pay cycle, and what modern controls are needed to reduce risk.  

WATCH ON-DEMAND