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.

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

 

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.

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.

Email Threat Landscape: Phishing Report

Organizations remain vulnerable to advanced phishing threats, including AI-driven attacks and those sent from compromised supply chain accounts.

Download the Email Threat Landscape: Phishing Report for insight into phishing attacks that organizations fell victim to, how these incidents impact the people involved, and attitudes towards traditional email security and training.

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.

KnowBe4 & Egress: Delivering integrated AI-based adaptive email security and training

Join Bas Van Der Hoeven from KnowBe4 and James Sheldrake from Egress to see how their products work together to provide AI-based email security and training.

Customer webinar: enhancing anti-phishing defenses in Microsoft 365 at Newcastle City Council

Get insight into the types of phishing threats targeting government organizations, how to layer defenses in Microsoft 365 for effective threat detection, and more.