AP approval ≠ verification.
If a scammer can hijack vendor bank details via email, your "controls" are just theater.
The fraud doesn't happen when you hit send on the payment.
It happens in the gap between "approved" and "confirmed."
That's where the money vanishes.
Most companies are flying blind in that window. Fix the gap or get rekt.
If a scammer can hijack vendor bank details via email, your "controls" are just theater.
The fraud doesn't happen when you hit send on the payment.
It happens in the gap between "approved" and "confirmed."
That's where the money vanishes.
Most companies are flying blind in that window. Fix the gap or get rekt.