Do You Make Electronic Payments?

11/09/2015

Do you hold your suppliers bank details on file?

One tactic used by fraudsters is to advise businesses of changes to a suppliers bank details, they then wait until a genuine purchase invoice is paid. Unfortunately because the suppliers bank details are compromised the payment goes to the fraudster.

To protect against this there needs to be robust routines for changing bank details, perhaps including a phone call to the suppliers using an independently obtained telephone number.