Most finance teams have a process for catching fraud, but few have a process that catches it early enough. By the time they discover a manipulated invoice through an audit, a lender’s due diligence, or a vendor dispute, the damage is usually done. A recent case revealed just how severe the problem can be. Investigators examining a roughly $400 million private-credit loan allegedly backed by fake invoices discovered lookalike email domains used during invoice confirmations. A small, easy-to-miss detail exposed how easily fraud can make its way through financial workflows, and how far upstream the consequences can reach. That’s the new reality finance leaders are dealing wi…
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