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Invoice & Payment Fraud

Detect fraudulent invoices and payment requests sent over email, with Egress Defend.

Payment and invoice fraud is hurting the bottom line

55%
of all money lost to scammers was through invoice fraud
47%
of organizations have experience invoice fraud in the past two years
$40bn
anticipated annual cost of payment fraud by 2027

Undetected invoice and payment fraud can have expensive consequences

Your Accounts Payable department is a priority target for many attackers due to the financial power they hold.

Attackers will often send random invoices through in the hope they'll be paid without second thought, but more frequently they'll socially engineer the victim to make the phish seem legitimate.

Unfortunately, they’re often successful.

Stats V2 Invoice And Fraud Payments
Solutions Invoice Payment Fraud 1

Egress Defend intelligently detects fradulent invoices sent via phishing emails

  • 1 First-time sender. The user has never engaged with this sender before and yet they’re asking for payment. This signal is treated as highly suspicious by Egress Defend.
Solutions Invoice Payment Fraud 2

Analyze email content for fraudulent payment requests

  • 2 Urgent and financially motivated language. Egress Defend uses natural language processing (NLP) to analyze the content in the email body. Not only is the language financial in nature, but a sense of urgency is added in stating the account is overdue. These, combined with language indicative of repercussions, suggests financial phishing.
  • 3 URL analysis. The URL itself could be malicious or it can be a legitimate link redirected on-click. Egress Defend performs link analysis, both at the time of receipt and at the time of click, through link re-writing and protects from delayed, post-delivery weaponization.
Solutions Invoice Payment Fraud 3

Cut through the noise to highlight the risks that matter

Reporting on threats such as payment and invoice fraud in your email flows can be manual and slow. Even worse, systems can throw too much unnecessary information at you, making it harder to make timely and effective decisions.

Egress Defend’s intelligence platform provides simplified dashboards and critical insights so that administrators can quickly cut through the noise, identify email security risks and, where necessary, remediate.

Solutions Invoice Payment Fraud 4

Actionable intelligence

Data and analytics should not overwhelm you with information. Augmented threat intelligence into attack types, payload, and supply chain health give Security teams what they need to take decisive action that mitigate threats.

Our real-time threat feed offers insights and statistics into email details, type of attack, threat levels, authentication checks, communication history and how your people interacted with the email.

Interested in how Egress Defend would prevent Invoice & Payment Fraud in your organization?

 

What our customers say

Hear from companies and organizations who use Egress Defend to prevent against Invoice & Payment Fraud.

We selected Egress Defend and Egress Prevent as added security layers in our Microsoft 365 environment to ensure we are minimizing our risk profile.

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Read more about preventing Invoice & Payment Fraud

Fighting Phishing: The Security Leader's View

From payment scams to BEC, the risk of phishing continues to rise.

In our Fighting Phishing report, we evaluate the phishing threats that organizations face, the impact these attacks have, and the steps CISOs are taking to reduce their risk.

We also share first-hand responses from CISOs and Security teams about their personal experience with phishing attacks.

Egress webinar featuring Forrester: Best practices in phishing prevention

Learn more about recent phishing trends and how Egress complements the native security provided by Microsoft 365.

Cybersecurity experts’ views on email risk within Microsoft 365

Get the experts’ opinions on Microsoft 365’s native email security and how to plug the gaps to improve your organization’s anti-phishing defenses.

Invoice fraud: Everything you need to know

Discover how threat actors design invoice fraud attacks to socially engineer their victims

Egress Intelligent Email Security

Protect against sophisticated inbound and outbound email threats without creating productivity roadblocks.

Inbound threat protection
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Egress Defend

Protects against advanced phishing threats.
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Outbound threat protection
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Egress Prevent

Protects against accidental and malicious data loss.
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Egress Protect

Secure, certified end-to-end email encryption.
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Egress Security Center

Egress Intelligent Email Security products are managed from the Egress Security Center admin console.
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