Fraud Risk: Supplier invoice fraud: who pays up?

24 Sep 2023 11:16 AM | Anonymous member (Administrator)

If your business pays a fraudulent invoice by mistake, do you understand the legal position and what practical steps you should immediately take?

Banks and cyber authorities have long been warning businesses to be vigilant when paying supplier invoices, but the threat of supplier invoice fraud has only been increasing. This type of fraud now accounts for approximately 55% of all fraud in the UK, with UK businesses losing an average of £295,000 a year to the scams.

https://www.nortonrosefulbright.com/en/inside-disputes/blog/202309-supplier-invoice-fraud-who-pays-up


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