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Risk of invoice fraud

Last updated 24 July 2023

This assessment assumes that your risk of invoice fraud is lower if the proportion of your EDI and Peppol invoices is higher.

PDF and paper invoices can easily be intercepted and manipulated before being received by the buyer. Business email compromise, or payment redirection scams, is an increasing issue affecting many Australian businesses.

According to the Australian Competition and Consumer CommissionExternal Link, in 2022 payment redirection scams cost Australian businesses $224 million, with small and micro business losses to scams jumping by 95% from the previous year.

Peppol eInvoicing is more secure than email as only accredited Peppol access point providers can exchange documents over the Peppol network. Access point providers accredited in Australia are required to meet security requirements based on ISO27001 or the Australian Signals Directorate Information Security Manual.