Episode 225: Two Fraudulent Payment Cases – Where The Vendor Took the Loss

Putting the AP in hAPpy

English - February 16, 2023 11:00 - 15 minutes - 10.8 MB - ★★★★★ - 7 ratings
Arts Business Careers accounts payable vendor setup accounting fraud phishing supplier setup supplier onboarding vendor onboarding debra r richardson debra richardson Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Episode 224: Vendor That is a Subsidiary + The IRS Form W-9

Next Episode: Episode 226: Why Is Check Fraud Exploding Right Now?

So, you receive a vendor request to change banking. It’s coming from the actual vendor’s email address – you make the change, make the payment then find out that the payment went to a fraudulent account. The vendor didn’t request a change, instead, a fraudster requested the change from within the vendor's real email address. Who takes the

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Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 60+ hours of weekly live and on-demand training for the Vendor team.

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Links mentioned in the podcast:

Article: Hacker intercepts carpet company’s emails, retains customer’s $5000 depositArticle: Clark Hill Successfully Represents Steel Building Manufacturer in Business Email Compromise Case Vendor Process Training Center: Vendor Process Training Sessions – Live Online and On Demand. New Live Training Every Wednesday and Thursday. Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download Vendor Master File Clean-Up: https://www.debrarrichardson.com/cleanupYouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw Prevent Fraudulent Payments. Get Your Own Copy of the3 Step Vendor Setup and Maintenance Process eGuide. (Includes Authentication Reference Template and Vendor Validation Reference List)More Podcasts/Blogs/Webinars www.debrarrichardson.comMore ideas? Email me at [email protected] Music Credit: www.purple-planet.com