Invoice fraud is a major threat to businesses, large and small. It involves tricking your employees into paying fake invoices or changing bank details on real invoices to divert funds to a fraudster’s account. This scam can lead to significant financial losses and damage your business’s reputation. Understanding and preventing it is crucial for your business’s safety.

Essential steps to embrace ethical AI: acknowledge the need, assemble a diverse task force, define principles, incorporate ethics throughout, create transparency, prioritise data privacy, train employees, engage stakeholders, and leverage existing frameworks.