(Answered) Phony invoice scams a popular method for defrauding a

Accounting

PHONY INVOICE SCAMS A popular method for defrauding a company is to issue a phony invoice. The scam begins by initially contacting the target firm to discover details of key business contacts, business operations, and products. The swindler then uses this information to create a fictitious invoice. The invoice will include names, figures, and other details to give it the appearance of legitimacy.

What steps can be taken to avoid this type of scam?

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