Fighting Invoice Fraud: Lessons from the Intellectual Property Office

Article, Smart PaymentsJanuary 2019

Investigation / Cyber Consulting

The Intellectual Property Office was recently hit with ‘passing off’ invoice fraud, a fraud that’s hard to prevent. Here are some lessons learned as discussed in Smart Payments.

Invoice fraud is a malicious, shape-shifting menace that cost organisations a staggering £9 million in damages in the first six months of 2018 alone.

What makes invoice fraud a particularly challenging threat is the fact that it comes in a variety of shapes and sizes, making it very difficult to spot and even harder to prevent. One of those most problematic forms is “passing off” fraud – making a misrepresentation by use of distinguishing sign or mark.

Click here to read more as published in Smart Payments.

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