A few years ago, it was easy to spot a phishing email. Now thanks to AI, those tricks alone won’t save you. Do you have proper financial security controls?
“Write a professional email asking [COMPANY] to pay an invoice”
With just this prompt against an ever-growing selection of free Large Language Model AIs, fraudsters and scammers can generate an email free from the typical spelling and grammar mistakes that modern cybersecurity awareness training teaches you to look for. Additionally through generative AI, they can make a believable invoice.
Do you have a plan to prevent this kind of fraud?
“Sorry, we didn’t change our bank, that was a hacker that gained access to our accounts receivable email.”
An email you wouldn’t ever want to see, but is unfortunately becoming more common. A modern or next generation phishing attack will inevitably claim victims. These attacks can now be easily supported by data mining on LinkedIn and company pages, and even sometimes have the credential theft site copy the user interface of those sites to look legitimate thanks to AI-assisted “Vibe Coding”.
All a malicious actor needs for invoice or AR fraud is a single user with access to an accounts payable system or inbox. From there, they can view existing invoices to mimic the style, send new payment locations, and then start collecting cash while masquerading as a completely legitimate business.
That business could be you, but it also could be any of your vendors!
Get robust multichannel financial security with solutions that work together
We’ve partnered with Omni Group Consulting and Forseti Verify to provide a unified and complete offering that can take you from nothing to audit-ready – SOC I, SOC 2, ISO 27001, and more.
Ensure payments going out and coming in are accurate, timely, and not fraudulent. Get specialist service across all aspects of your revenue cycle controls, with highly experienced US-based consultants that can work with a multitude of ERP and payment solutions. Through our collaboration, you’ll get the most suitable expert across our 3 companies for any task. Most importantly, we’re committed to working together seamlessly to provide a more effective and stress-free solution. We offer truly integrated project management that links across platforms.