The new controls playbook against cyber enabled vendor fraud

Vendor fraud isn’t new, but it’s becoming more sophisticated and successful. In recent incidents, fraudsters combined cyber and financial crime techniques to hijack, impersonate or manipulate their victims for personal gain. Data from PwC’s 2022 Global Economic Crime Survey shows that cybercrime was the most common and the most disruptive crime experienced by organizations over the past two years regardless of industry or revenue.