The best ways to protect credit and debit cards from fraud
Experts say card fraud can happen without your card ever leaving your wallet. (Adobe Stock/ABC News: Luke Tribe)
This type of fraud targets the supply chain and accounts payable departments of businesses.
- Invoice Manipulation: Criminals intercept a legitimate invoice between a supplier and a client and change the banking details to their own. The client pays the bill thinking they are paying their trusted vendor.
- Kickbacks and Bribery: A vendor secretly pays an employee of the purchasing company to ensure their bid is successful or to overlook inflated pricing.