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.
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.
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.
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.
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.
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.
Daniel Volk
CIO, Crawford & Company
TRUSTED BY GLOBAL ORGANIZATIONS
Read more about preventing Invoice & Payment Fraud
Egress Intelligent Email Security
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Egress Intelligent Email Security products are managed from the Egress Security Center admin console.