A payment-redirection scheme using a fabricated or altered invoice, or a genuine invoice paired with fraudulently changed bank details. It frequently overlaps with supplier impersonation and business email compromise.
Category: fraud prevention. Part of the Identity Technologist Glossary — more than 200 practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.