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It's Tuesday morning. Your accounts payable team is processing invoices when one catches their eye. It's from your regular office supplies vendor: same logo, same format, same contact details. The only difference? The bank account number at the bottom has changed.
"Must be a new account," your team member thinks, and approves the €12,000 payment.
Three days later, your actual vendor calls. They haven't received payment and they're threatening to cut off service. That's when you realize: the invoice was fake, the bank account belonged to a fraudster, and your €12,000 is gone. Worse? Your real vendor still expects to be paid, meaning you're out €24,000 total.
Welcome to invoice fraud. It's not dramatic. It's not high-tech. It's just a fake invoice that looks real enough to fool your team into sending money to the wrong place.
What is invoice fraud?
Invoice fraud happens when a scammer sends you a fake invoice (or alters a real one) to trick you into paying them instead of your legitimate vendor.
Fraudsters don't need to hack your systems. They just need to create a convincing invoice and hope your team is too busy to double-check the details.
