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Effective Ways to Avoid the Threat of Invoice Hijacking




Invoice hijacking is a form of invoice fraud where a scammer will send a fake or doctored invoice to a supplier’s client with the aim of having the payment made to them instead. These scams can look incredibly convincing and result in over $12.5 billion in losses around the world annually. That’s a lot of people getting taken in and losing a huge amount of money.

Let’s take a closer look at this type of fraud and how you can avoid invoice hijacking.

The Most Common Types of Invoice Fraud

A fraudulent invoice is designed to look like an authentic invoice and it aims to ensure that the recipient doesn’t realize that it’s altered—or isn’t meant to exist in the first place. However, there are many ways that a scam artist can go about doing this.

The two most common methods of fraud are:

A Change of Bank Details

This is quite a simple scam. The scam artist sends an email to a stolen database to let those clients know that banking details have been changed and all invoices that are outstanding should be paid into the new account.

With this method of invoice fraud, the scam artist doesn’t even need to have access to the original invoice. All they need is access to the supplier’s list of clients either by hacking their email server or by watching the deliveries they make.

Fake New Suppliers

This one is less invoice hacking and more simply invoice copying. The scam artist creates fake invoices that look like they come from a supplier that the company or individual uses, but is for a service or product that was never bought.

The scam artist then usually puts pressure on the recipient in the form of threatening legal action because the payment is overdue. The idea is that the recipient panics, thinking they’ve somehow missed the invoice, and pays it without asking too many questions.

How to Combat Invoice Hijacking

While it’s almost inevitable that someone will try to hijack your business invoices or send you a fraudulent invoice at some point, there are plenty of ways to mitigate potential problems. It’s all about being alert and putting the right types of communication in place.

1. Always Rely on Human Interaction

Human interaction is your best line of defense against invoice hijacking. If you’re a supplier and you regularly send out invoices, make sure that you keep good lines of communication open with your customers.

On the other hand, if you get invoices sent to you from suppliers, make sure that you double-check with them if anything seems different or odd. A quick phone call to confirm that your supplier has changed their banking details will save everyone a lot of headaches.

If you’re worried about a scam you can verify the information by using contact information not supplied in the email that accompanied the invoice. If you click on the link to the website or call the telephone number in the email you received with the potentially fraudulent invoice, you’ll likely get directed somewhere that the scam artist can control. Rather, refer to a past email and use those contact details instead.

2. Focus on Email Security

This goes for suppliers and clients. Scam artists can hack into an email server and monitor the comings and goings of invoices, making it far easier for them to hijack those invoices and commit fraud. They can also then make the email sending the invoice look completely legitimate when they can access the supplier’s email server.

The best way to combat this is to set up two-factor, or even multi-factor authentication, on all email accounts in your business.

3. Look after New and Once-Off Purchases

The easiest place for a scam artist to commit invoice fraud is in a once-off transaction or with a brand new interaction between a supplier and client. This is because the client is very unlikely to spot a change in banking details or an email address and contact details that might be incorrect. The client will also be loading banking details or making an online credit card payment to an entirely new supplier—whether it’s the correct supplier or the fraudulent one.

It’s so important when paying a new supplier or a once-off client to double-check that the payment details are correct. On the client side, if there is any doubt, take the time to call the supplier using contact details you know to be correct.

4. Automate Your Invoice Management

On the supplier side, this is a great way to prevent invoice hijacking for suppliers. Numerous accounting software programs allow you to generate and send accurate invoices directly from your accounting system to your clients. This eliminates manual processing and reduces the opportunities for scam artists to sneak in and commit fraud. Using the same invoice template also sets a precedent with clients who then know exactly what your billing documentation looks like and are more likely to spot any changes.

There are also plenty of ways that artificial intelligence (AI) or a smart authentication protocol (AP) can be deployed to help combat invoice fraud for suppliers and clients. On the one hand, if you have several suppliers that you receive invoices from regularly, you can use AI to monitor your incoming invoices and look for discrepancies against details you’ve verified. The system will flag any issues before payments can be made.

Using an AP can do something similar and actively filter invoices sent and received, as well as payments made and received. Those with anything suspicious or different about them will be sent to the appropriate people to check the invoice and approve it if all seems right to them. You then have a record of who approved invoices and payments.

Final Thoughts

Invoice hijacking is an ongoing problem and it’s even been described as an epidemic. But if you know what to look for, you have the best chance of preventing it. The more awareness around the topic, the less chance scam artists have of forging or faking invoices and laying claim to funds they didn’t earn in the first place.

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Understanding the Theta Token and Its Value Proposition




The Theta Token is a cryptocurrency that has been gaining significant attention in recent years. As the world becomes more digital, the need for a decentralized system that can handle large amounts of data and video content is becoming increasingly important.

Theta Token is aiming to provide a solution to this problem. You can also carry out trading via exchange platforms. An excellent example of a reliable platform is

What is Theta Token?

Theta Token is a cryptocurrency that operates on the Theta blockchain. The Theta blockchain is designed to handle video content, making it an ideal platform for streaming and sharing video content. Theta Token was created as a way to incentivize users to share their excess bandwidth and computing resources with others on the network.

Theta Token is different from other cryptocurrencies in that it is specifically designed for the streaming and sharing of video content. This makes it an ideal platform for content creators, as it allows them to share their content without having to worry about the high costs associated with traditional video hosting services.

What is the Value Proposition of Theta Token?

The value proposition of Theta Token lies in its ability to provide a decentralized solution to the problems associated with video content sharing. By incentivizing users to share their excess bandwidth and computing resources, Theta Token is able to provide a more cost-effective solution to traditional video hosting services.

Theta Token also has a number of other features that make it an attractive platform for content creators. For example, Theta Token allows for micropayments to be made to content creators, meaning that they can be rewarded for their content in real-time. This is particularly important for content creators who rely on their content for income.

Another key feature of Theta Token is its ability to provide a better user experience for viewers. By utilizing a decentralized network, Theta Token is able to provide faster and more reliable streaming for viewers, without the need for buffering or other interruptions.

How Does Theta Token Work?

Theta Token works by utilizing a decentralized network of nodes. These nodes are operated by users who have excess bandwidth and computing resources that they are willing to share with others on the network.

When a user wants to access video content on the Theta network, they send a request to the nearest node. The node then retrieves the video content from other nodes on the network and streams it to the user. The user is then rewarded with Theta Tokens for sharing their excess bandwidth and computing resources with the network.

In addition to the streaming of video content, Theta Token can also be used for other purposes, such as the creation of smart contracts and the storage of data.


Theta Token is a cryptocurrency that has been specifically designed for the streaming and sharing of video content. Its value proposition lies in its ability to provide a decentralized solution to the problems associated with traditional video hosting services. By incentivizing users to share their excess bandwidth and computing resources, Theta Token is able to provide a more cost-effective solution for content creators and a better user experience for viewers.

As the world becomes increasingly digital, the demand for decentralized solutions to problems such as video content sharing is only going to increase. Theta Token is well-positioned to meet this demand, and its value proposition is likely to continue to grow in the years to come.

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Simple Ways to Save for Your Future




People are often so focused on their current situation that they do not pay enough attention to saving for the future. It is important to keep one eye on the future and find ways to save money over time, but what are the best ways to do this? There are a few simple ways to save for your future that could make a big difference to your life down the line.

Creating Savings

One of the best ways to build wealth for the future is with a fixed-rate bond. Essentially, this is a savings account that will hold your money for a pre-determined period of time. You will get a fixed interest rate and this is generally higher than what you would get in an easy-access savings account. Provided that you are happy to put your money away for 1 year+, this can be a highly effective way to make money from your savings.


Investing can be a smart way to build your wealth over the long term. Of course, there is always risk with any kind of investment, but there are some investments that are considered safer than others. It is important to educate yourself before making any kind of investment and to only invest money that you do not need access to in the short term. An index fund is a good option for beginners and most experts agree that these are smart for long-term investors.

Take Control of Your Spending

You certainly want to find ways to make more money, but you also need to address your spending. You should go through all of your regular expenses and find ways to make savings whether this is shopping at a cheaper supermarket, cutting back on a luxury item or switching providers. This will then give you more money to save and make more money from.

Differentiate Between “Want” and “Need”

We want many things in our lives. But all those are not necessary. Therefore, you should differentiate between want and need. You should follow a strict restriction on your spending, especially when something does not match with your financial goals.

Make a Plan with Your Partner

If you live with someone or are married to someone, then you have to communicate with your partner and together you should prepare a plan for household finances. Both you need to discuss your desires and decide on where to prioritize.

Don’t Ignore Your Pension

It is also important to consider your pension and the earlier that you do this the better. The money that you put into the pension now will compound and grow over a long time period, so you want to contribute as much as you can without making a difficult financial situation for yourself.

Review Your Spending

We actually don’t realize how much we spend every month and where we spend our money unless we review our spending. Therefore, reviewing your spending is a great idea to clear understand where you can cut your expenses and how you can improve your saving.

Consider Your Children

You can also teach your children to save money for future. Your children will learn from you that they need to wait to purchase something that they want. You should also help children to recognize particular ways to save money and make wise choices. 

These are some of the best and simplest ways to save for the future. It is always important to plan financially for the future and the earlier that you start doing this the better so that your money can grow and compound over time. However, you should also enjoy life besides preparing a plan to save money for future.

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Don’t Invest Your Emergency Fund… Unless




Getting the most out of your emergency fund is hard these days. The average savings rate isn’t keeping pace with inflation, which means your money is losing value the longer it sits in a basic account. All that lost earning potential can make you break one of the most important rules of emergency funds: don’t invest.

As a general rule, you should never invest your emergency fund. Investments can tie up money that’s supposed to be available at the drop of a hat. These delays can complicate an already difficult financial situation if you can’t access your cash for urgent repairs or expenses.

But as the saying goes, all rules are meant to be broken. There might be times when investing some of your emergency fund can strengthen your financial health. How much you have sitting in your savings is an important distinction that can help you decide whether investments are right for you.

How Much Should You Save in Your Emergency Fund?

Financial advisors recommend saving three to six months of living expenses in your emergency fund.

If you aren’t quite there yet, your emergency fund may fall short of what you need. In an emergency, online loans can help pick up the slack.

Online loans provide quick and convenient applications, so you don’t waste any time wondering if you qualify. If approved, a financial institution like MoneyKey can deposit your funds directly into the account of your choice. This way, your online loan is just as accessible as savings would be, making them a fast-acting solution in an emergency.

Why You Shouldn’t Invest Your Emergency Fund

If you rely on online loans, or you’re still working towards saving up three to six months of expenses, investing your emergency fund is a bad idea. It could delay how quickly you get your hands on your cash, and your fund could even lose value.

1. Timing

Your savings should be easy to access at any time. After all, an emergency can crash-land in your life without any warning — morning, noon, or night.

Most basic savings accounts allow you to transfer your savings whenever you want online, with very short processing times.

Investments are different. Depending on how you invested your money, you might have locked your money into a specific term. Withdrawing before its maturity date is possible, but it can take time to cut through the bureaucratic red tape.

2. Penalties

Paperwork isn’t the only headache of withdrawing from your investments early. You may also face steepcash penalties. You’ll also have to factor in how this withdrawal affects taxes.

3. Lost Value

You can’t predict when you’ll deal with an emergency or the eventual expense that comes with it. That means you can’t strategically time your withdrawal to maximize their value. Your funds may not even retain their original value if you’re forced to withdraw when your stocks take a nosedive.

When Can You Invest Your Emergency Savings?

Let’s say you’ve finally reached your goal of six months. Congratulations! Only roughly27% of American households can boast this achievement.

At this point, do you put a stop to your emergency savings? No, but how you save them should change.

Top up this account any time you use it, but don’t over contribute beyond three or six months. Rather than exceeding your goal in a basic account, you should funnel the excess into investments.

This way, you have the best of both worlds. One, you’ll keep the liquidity of a fully stocked emergency fund with a basic account. And two, you’ll start to maximize your earnings potential through tax-advantaged investments that promise a higher return rate.

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