Payment Fraud Risk Assessment
Evaluate your organization's vulnerability to AP payment fraud and get actionable recommendations to strengthen your defenses.
Payment fraud costs businesses billions annually. Business Email Compromise (BEC), vendor impersonation, and check tampering are the most common schemes. Our assessment evaluates your controls across key risk areas and identifies gaps before fraudsters exploit them.
How It Works
Answer questions about your payment processes, verification procedures, and technology controls. We assess your risk across six dimensions and provide a prioritized action plan.
Input Your Data
How do you primarily pay vendors?
How do you verify vendor bank detail changes?
What email security measures protect your AP team?
How do you detect unusual payment patterns?
Your Results
Strengthen your payment fraud defenses
See how Nexus AP provides AI-powered anomaly detection, vendor verification workflows, and comprehensive audit trails.
Frequently Asked Questions
What are the most common AP fraud schemes?
The top three are: Business Email Compromise (BEC) where attackers impersonate executives or vendors via email, vendor impersonation with fraudulent bank detail changes, and check tampering or interception.
How much does payment fraud cost businesses?
According to the AFP Payments Fraud Survey, 65% of organizations were targets of payment fraud attempts. The median loss from a successful BEC attack exceeds $50,000, with some exceeding millions.
How does AI help prevent payment fraud?
AI-powered systems learn your normal payment patterns and flag anomalies such as: unusual payment amounts, new bank accounts, payments to dormant vendors, sudden changes in payment frequency, and invoices that deviate from historical patterns.
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