Here are the nine actions nskox - the Cooperative Cyber Security technology company - recommend to stop corporate payment fraud:

1. Real-time controls should be established for detecting threats and preventing attacks before they harm the organization and its customers.

2. Centralized and external controls for all payment-related processes should be established.

3. A comprehensive list of payment corporate policies should be defined

4. Maximum payment thresholds for vendors should be defined

5. Requests for payments from executives must automatically be routed for verification by the executive as well as to another person in the organization

6. Requests for changes to vendor master file data must be automatically routed for verification in real time to an authorized vendor representative

7. Email servers should be secured, where security monitoring tools and programs should be configured to aid in the detection of suspicious activity

8. Account verification should be executed in systems/databases outside of the organisaitons nework...

9. Execute an independent KYC process during supplier onboarding.

For more see, here.