Putting the AP in hAPpy
A weekly podcast providing fraud prevention and vendor setup training to protect the vendor master file. Immediate takeaways with actionable steps you can implement today into your vendor onboarding and maintenance process to reduce fraud and regulatory fines. Great tips for the Accounts Payable and Procurement teams to clean-up their vendor data, clean-up their vendor processes so that they can pay the right vendor.
Putting the AP in hAPpy
Episode 30: 4 Steps to Protect Your Vendors Banking from Being Changed by a Cybercriminal. Includes a Critical Step Most Companies Leave Out
Has your company experienced a fraudulent payment? Whether the answer is yes or no, you will want to implement these four (4) steps to prevent fraudulent payments resulting from cybercriminals redirecting legitimate vendor payments to their bank account.
Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication, internal controls and best practices to it from fraud.
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Links mentioned in the podcast:
- Read the Blog: https://www.debrarrichardson.com/blog/4-steps-to-protect-your-vendors-banking-from-being-changed-by-a-cybercriminal-includes-a-critical-step-most-companies-leave-out
- Scott County Schools: https://www.wkyt.com/content/news/Scott-County-Schools-victim-of-37-million-scam-509017341.html
- City of El Paso, TX: https://www.govtech.com/security/Phishing-Scam-Prompts-Security-Changes-in-El-Paso-Texas.html
- Early Warning: https://www.earlywarning.com/solutions/payment/deposit-chek.html
- Giact Systems: http://www.giact.com/
- Blog: https://www.debrarrichardson.com/blog/2018/10/18/send-a-notification-to-vendors-after-updates-in-the-vendor-master-file
- ·More ideas? Email me at debra@debrarrichardson.com
Music Credit: www.purple-planet.com