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.
1500W Threat Trends Apr 24 Web Imgs Blog Thin CTA

2024 Phishing Threat Trends Report: January - March insights

Download report
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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.

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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.

Are you interested in learning how Egress Defend can protect your organization from the damaging consequences of invoice and payment fraud?

 

Greater Manchester Mental Health Trust enhances anti-phishing defenses in Microsoft 365 using Egress Defend

We recognized that one layer is not enough to detect and neutralize the numerous advanced phishing threats targeting GMMH day-to-day work.

Trusted by global organizations

Related resources

Learn how our full suite of advanced email protection technologies work together to mitigate both inbound and outbound email risks like invoice and payment fraud.

2024 Phishing Threat Trends Report: January - March insights

Download the latest Phishing Threat Trends Report to understand the hot topics dominating the headlines, from the rise of ‘quishing’ and AI-powered attacks to the evolution of payloads in phishing campaigns.

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Forrester Total Economic Impact Study

Forrester demonstrates the financial and efficiency benefits that can be achieved by organizations that invest in Egress Intelligent Email Security – including a 359% return on investment.