Invoice fraud

Invoice fraud happens when a scammer sends a fake invoice, or alters a genuine one, usually changing the bank account details, so payment intended for a real supplier ends up in the scammer’s account instead. It often follows a compromised email account belonging to either side of the transaction.

When it matters

Always verify any change to a supplier’s bank details by phone, using a number you already have on file rather than one in the email, before paying. If you already paid a fraudulent invoice, contact your bank about a bank recall immediately, since this scam is closely related to business email compromise and often needs to be reported the same way.