Authorised Push Payment Fraud
Authorised Push Payment Fraud affects all businesses, regardless of size or industry. Although fraud is now better known to the general public, it still remains a threat led by unscrupulous fraudsters and increasingly sophisticated methods.
Among the different types of bank transfer fraud, the most popular is fake supplier fraud, which involves impersonating a company supplier. But there are other types of fraud.
Fake supplier fraud
48% of frauds
Social engineering & identity theft
Fake supplier fraud is the favourite fraud for fraudsters
Fake bank advisor fraud
Identity theft & manipulation
Fake banker fraud relies on the usurpation of an official entity
Fake President fraud
38% of frauds
Pressure & identity theft
The Fake President fraud is the most well-known and has been publicized since the 2000s
The most used in 2020
It is estimated that nearly half of all companies worldwide have been victims of attempted fraud, but few want to share their experience. By educating as many companies as possible about the different techniques used, how to protect themselves and the risks involved, the fight becomes collective.
Fraud, a collective struggle!