According to a online survey carried out by Acxias on transfer fraud, by usurpation of a supplier's bank identity, half of the companies indicate that they have already been the victim of "at least one attempt" (40%) or "proven fraud" (10%). And among the others, none is certain to have escaped it. Despite this observation, and while fraudsters are gaining in ingenuity, a second poll reveals that companies still largely carry out the check supplier bank details manually (35%), via their bank or a service provider (17%) or, worse, that they do not have a dedicated procedure (22%). The use of a specialized software, mentioned by more than a quarter of respondents, makes it possible to thwart fraud more effectively through automated control of supplier profiles and associated bank accounts, carried out systematically and continuously.
⚙ Learn more
According to an online survey carried out by Acxias on transfer fraud, which consists of the theft of a supplier's banking identity, it appears that almost half of the companies questioned have already been victims of an attempt proven fraud or not. Indeed, 40% of respondents said they had experienced “at least one attempt” at fraud, while 10% indicated that they had been victims of confirmed fraud. As for the others, they are not certain to have escaped this scourge.
Despite these alarming figures, and while fraudsters continue to show great ingenuity, companies do not always seem to be sufficiently prepared to counter this type of threat. Indeed, according to a second survey conducted on the practices of checking the bank details of suppliers, it appears that the majority of companies still carry out this check manually, up to 35%. Others turn to their bank or a service provider to carry out this check, which represents 17% of respondents. The most alarming thing is that 22% of companies have no dedicated procedure for controlling these contact details.
Fortunately, the survey also revealed that more than a quarter of respondents use specialized software to more effectively thwart fraud. This solution makes it possible to automatically control the profile of suppliers and the associated bank accounts. This control is thus carried out systematically and continuously, making it possible to quickly detect any attempt at fraud. In short, it is crucial for companies to take appropriate preventive measures to limit the risks associated with transfer fraud. The use of automated solutions can prove to be an effective solution to combat this scourge.