Phony bank account change requests. The fastest-growing threat. Fraudsters pose as legitimate suppliers and ask AP to “update” their banking details. Without independent verification, payments are rerouted to criminal accounts. AFP reports a 43% increase in these attacks over just two years, with individual losses often reaching six or seven figures.AI-generated fraud techniques. Deep-fake voice calls and synthetic invoices created with AI make fraud attempts harder to detect. These scams exploit AP’s natur ...