Safeguarding Your Business Preventing B2B Payment Fraud
Learn how to protect your business from B2B payment fraud with these essential strategies and best practices.
Understanding the Threat: What is B2B Payment Fraud?
B2B payment fraud refers to fraudulent activities that occur in the business-to-business payment process. It involves the manipulation, deception, or unauthorized access to payment transactions between two businesses. The goal of B2B payment fraud is to illegally obtain funds or goods from the targeted business, causing financial losses and reputational damage.
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