Recognizing and Preventing Acquisition Fraud
Identify common acquisition fraud schemes and implement preventive measures in organizational purchasing processes.
Acquisition fraud occurs when criminals send unsolicited invoices to companies for goods or services never ordered, hoping employees will pay without verification. Scammers target businesses because invoices often move through payment systems automatically. This fraud exploits organizational routines and insufficient verification checks. Prevention requires awareness, proper documentation procedures, and communication protocols. Employees across all departments—not just finance—need to recognize suspicious invoices. Understanding the mechanics of this fraud helps organizations implement stronger controls, such as verifying all invoices against purchase orders and establishing clear supplier approval processes.
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