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Alert on Corporate Identity Fraud

Commercial risks expert Coface warns that corporate identity fraud is a booming business in the B2B space.

Fraudsters use the business identity of a real company to procure goods and services from real customers.

The fraudsters are exceptionally well organised. They open phone lines, create email addresses, falsify order forms, buy certificates of incorporation and financials to the commercial register in the aim of opening a buyer account in a company. This is the reason why some precautions should be observed when you receive an order form, especially when it comes from abroad and from a new buyer.

Please read this letter from Coface in order to learn which precautions to take to protect you and your business from fraudsters.