Payables fraud – a growing problem in Australia

Fraud threats to organisations are becoming increasingly sophisticated and targeted.

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At NAB, we see fraud incidents regularly across our corporate and institutional customers and losses can range from small to large reportable events. All however, can typically relate back to failures of system, people or process.

A snapshot of top scams from a recent ACCC report puts invoice fraud for businesses in the top 3 by value.

Find out the types of fraud threats Australian corporates are facing and some payment solutions to mitigate them in our latest insights report:

Payables fraud – a growing problem in Australia

 

 

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