Managing Payment Fraud Risk
Payment fraud is rising sharply worldwide1, costing businesses tens of billions of dollars2 each year.
Organizations handling large volumes of financial flows are particularly targeted.
In a large majority of cases, despite strengthened technical security measures, human factor remains a key source of vulnerability3. Raising awareness and training your teams are key levers in protecting against these types of fraud.
Stay ahead of key fraud risks and support your organization's resilience.
Main fraud scenarios observed:
Phishing or smishing (email or SMS phishing)
An email or text message impersonating a trusted individual or a recognized organization (bank, internet service provider, etc.) in order to collect your personal information.
Fake bank advisor fraud / Impersonation scam
A call or message from someone claiming to be a representative of your bank, citing technical checks or a supposed fraud attempt on your account, to pressure you into urgently approving a fraudulent transaction or handing over your bank card via a fake courier.
IBAN fraud / invoice redirection fraud
The fraudulent alteration of the bank details of one of your counterparties, such as suppliers or service providers
CEO fraud / Business Email Compromise
An urgent and confidential request allegedly coming from a senior executive within your company, aimed at getting you to approve a banking transaction.
Malicious QR codes
QR codes that redirect users to fraudulent websites designed to collect personal information or prompt the installation of malicious software.
Email account compromise
Hacking of email accounts, allowing fraudsters to monitor interactions between the client and their bank and/or insert fraudulent messages.
1- Corporate treasurers report significant rise in fraud | The Association of Corporate Treasurers
2- According to World Metrics, Businesses lost $32bn to payment fraud in 2022: Payment Fraud Statistics (2026): Latest Research
3- Discover how human error and manipulation pose risks to B2B payment security and learn strategies to mitigate these vulnerabilities effectively