May 15-17, 2022 | Disney's Yacht and Beach Resort | Walt Disney World Resort®, FL

Vendor Master File Fraud Prevention Strategies

30 Aug 2021
1:30 pm - 2:30 pm
Topic: Compliance

Vendor Master File Fraud Prevention Strategies

How to add authentication techniques, internal controls and best practices to pay the right vendor every time

In recent years, I’ve seen cybersecurity go from an afterthought to a very real risk in the corporate world. Cybercriminals go to work in an office every day, just like you and I do to con businesses out of their money. IT teams have responded to this threat with firewalls, system, and software controls, but Accounts Payable and Vendor Setup & Maintenance processes remain a weak point because we still must pay our vendors often using manual or partially manual processes.

What You Will Learn:

• How to identify fraudulent inquiries and requests received via email, text and phone
• How to avoid adding fraudulent vendors and data in your vendor master file
• What you should be doing to maintain existing vendor data in your vendor master file

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