Why Authorised Push Payment Fraud Is a Strategic Threat to Corporates
Authorised Push Payment fraud is no longer an occasional threat to businesses; it has become a sophisticated and targeted attack on corporate finance teams. Fraudsters are exploiting compromised email threads, impersonation, and even deepfake technology to redirect high-value payments, often under the guise of routine supplier or executive requests. Cross-border payments are particularly exposed, where limited visibility, inconsistent regulations, and the speed of instant payment rails leave little opportunity to intervene once funds are released. With global APP fraud losses projected to reach hundreds of billions of dollars in the coming years, the financial and reputational stakes for corporates and banks alike are rising sharply.
While banks are investing in tools such as Verification of Payee and enhanced fraud monitoring, significant gaps remain—especially in international account verification, where no global standard yet exists. Regulation is beginning to help, but large corporates and cross-border transactions remain largely unprotected. The most effective defence combines technology with process and mindset: rigorous pre-payment verification, behavioural monitoring, strong internal controls, and closer collaboration between banks, regulators, and corporate clients.
To understand why APP fraud has become a strategic risk—and what must change to address it—click the link and read the full article.
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