Fraud & Abuse

Fraud Alert: IOFM Member Identifies Currency Conversion Scam

Converting foreign funds into U.S. dollars is a costly and time-consuming effort. So, if your AR contact says you can just pay in local currency, you might be tempted to jump at the offer.

But

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Guarding Your Revenue: Understanding and Preventing Accounts Receivable Fraud

External accounts receivable (AR) fraud is a growing threat to businesses of all sizes. Perpetrated by external parties such as customers, vendors, or cybercriminals, this type of fraud often

IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Best practices for dealing with check fraud

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AI, Fraud & Payments: Navigating the Future of Accounts Payable

While the world of accounts payable (AP) may never be completely smooth sailing, knowing what’s on the horizon can help you get your bearings for the year ahead.

Join this insightful 60-minute

Outsmarting Voice Clones

Question All Callers, Including Your Leadership - by Debra R. Richardson The Bloomberg article ‘I Need to Identify You’: How One Question Saved Ferrari From a Deepfake Scam (find link below)… Read More

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The New Age of Fraud: How to Prepare & Defend Your Company Against Modern Threats

In a perfect world, financial fraud would cease to exist. Unfortunately, today’s cybercriminals and fraudsters are only getting more sophisticated and adaptive as the appetite for technology

AI deepfake training

Quiz: How Fraud-Smart Are You?

External and internal fraudsters, scammers and other malicious individuals are always on the lookout for an easy way to lure your organization to release funds and divulge confidential information.… Read More

Fraudsters Are Getting Smarter. We Should Be, Too.

Imagine this scenario. A procurement executive that you often work with calls you and says, “We’ve got an emergency on our hands. We need to get this $125,000 payment wired out today or… Read More