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ARTICLE · 06 OCTOBER 2025

Gone In An Instant: How Invoice Redirection Fraud Threatens Your Business

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Payment redirection fraud is emerging as a growing threat to businesses, with criminals exploiting vulnerabilities to divert funds into unauthorised accounts.

GlobalTechnology
Ricky Kelly
Ricky Kelly
Annmarie Buckley
Annmarie Buckley
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Payment redirection fraud is emerging as a growing threat to businesses, with criminals exploiting vulnerabilities to divert funds into unauthorised accounts. In this Insight, we examine how such fraud typically occurs, the methods used to gain access to payment systems, and the implications for businesses. We also look at how the EU's new Instant Payment Regulation 2024 (EU 2024/886) (the "Regulation"), introduced in April 2024, aims to strengthen protections—and raise questions about where responsibility lies when things go wrong.

The rising threat of payment redirection fraud

In January 2025 the Central Bank of Ireland reported a 26% increase in fraudulent payments in 2023, totalling €126 million. FraudSMART Ireland also revealed that nearly €9.4 million was laundered through money mule accounts in the year to June 2025.

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