About Session
Payment fraud costs organizations billions every year, but prevention is possible with the right strategies.
This session is specifically designed for Finance, Compliance and Internal Audit practitioners to identify fraud schemes currently hidden in your organization and prevent future fraud attempts. Learn how to safeguard your organization with actionable insights and a data-driven approach that minimizes risks before they escalate.
During this session, you’ll learn about indicators of potential payment fraud such as:
- Transactional Data: Patterns within invoice data can reveal fraud. Sometimes it’s as simple as consecutively numbered invoices.
- Supplier Data: Spot red flags like false tax IDs, employee data matches or prison addresses.
- Bank Account-Specific Indicators: Bank account ownership validation is the most effective at preventing fraud, but there are several more data points that can identify fraudulent activity.
