Invoice Redirection Fraud
Summary: A very common way criminals target businesses is through a scam called Invoice Redirection fraud. Also known as mandate fraud, this scam involves a criminal impersonating a genuine party with whom you have a business relationship (e.g. a supplier or client) and persuades you to change the bank account details you hold for them on file, or the criminals changes the bank account details on an invoice you are about to pay. In this video, our fraud experts discuss invoice redirection fraud, describe how criminals target a business, and detail the effective ways you can protect your business from becoming a victim.