If an email requests a change to banking or payment information, you should be suspicious immediately. However, a fake invoice email from a scammer might. Legitimate businesses understand the importance of protecting your financial information and will not request that you divulge these details via email. If you readily share sensitive information via email, that indicates to an attacker that you may be a prime target for a number of these scams. ![]() Sometimes a scammer will use a fake invoice email to test your organization’s vulnerability to business email compromise, phishing attacks, and other cyber scams. This includes anything from your email account address and phone number to your Social Security number or bank account number. You should immediately be suspicious if anyone asks for personally identifiable information (PII) online. ![]() Today we’ll go over ten indicators of fraudulent email invoices so your organization can avoid financial loss and irreparable damage. If your business processes hundreds or thousands of invoices each month, getting tricked by a fraudulent email invoice is an unwelcome possibility. Invoice fraud is a popular and highly effective form of business email compromise because it can result in enormous payouts for scammers. ![]() According the FBI IC3 report, in 2022, BEC attacks caused $2.7 billion in losses to US victims, making it the most pervasive form of business email compromise. Do you know how to identify a fake invoice email? Invoice fraud is a form of business email compromise (BEC) in which a third party requests payment, fraudulently.
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