Payment Fraud / Research

Independent research on wire, invoice and payment-diversion fraud

Working papers on who gets hit by business email compromise, what it costs, and how much of it comes back. Every figure is labelled observed or modeled, and the model is published in full.

Corrections and data welcome: sam@diversiondefense.com

Working Paper 01 — Who actually gets hit by invoice and wire fraud August 2026. Payment-diversion exposure by revenue band and industry.