ACCOUNTS PAYABLE FRAUD
How to Add the Appropriate Controls

With the ease and accessibility of today’s technology, fraudsters anywhere can replicate checks with ease. It’s no stretch, then, to say that it’s become easier than ever before to forge a check. And it’s check fraud, with a whopping 77 percent of actual and attempted instances of fraud to make up a majority of fraud among companies

What are some examples of payment fraud?
Check forgery is one of the most familiar forms of payments fraud. It involves legitimate checks falsely imprinted with the payer’s signature. Counterfeit checks are also a tactic fraudsters use by digitally altering a document and printing it to appear as a genuine check.