Businesses are popular targets for fraud schemes. Invoice scams – bills for goods and services a business never ordered or received -- rake in billions of dollars for fraudsters every year. They succeed mainly because people don’t look too closely at the phony invoices when they receive them or because they unknowingly gave the scammer the right to charge whatever he wants.
There’s a simple solution to stopping a phony invoice scam -- issue purchase order numbers for all purchases and check all invoices against the original orders. Be wary of anything else. A couple more cautions. Just because something looks official or genuine doesn’t mean it is. Use reputable businesses; if it’s a new name, check them out. Spotting an invoice scam is going to save your company money!