When an Invoice Isn’t an Invoice: The Growing Threat of Fake and Altered Documents

Just like Generative AI makes it possible to fake a dent on a car photo, it’s now equally easy to fake — or subtly alter — an invoice. For insurers, banks, and enterprises, this presents a new frontier of fraud risk, one that can slip past traditional review processes undetected.

The Rise of Document Manipulation

Invoices are one of the most common documents used across industries, from claims processing to vendor payments. Unfortunately, they’ve also become one of the easiest to manipulate:

  • AI-generated invoices: With templates widely available online, fraudsters can generate realistic invoices in minutes.

  • Subtle edits: A single digit change to an account number, a small adjustment in pricing, or a swapped company logo can redirect thousands of dollars.

  • Deepfake documents: Just as with photos and videos, AI can now fabricate entire documents that look authentic down to fonts, spacing, and metadata.

The Cost of Fake Documents

Invoice fraud is already a billion-dollar problem worldwide. In insurance, it might appear as padded repair costs or duplicate claims. In corporate finance, it can surface as fraudulent vendor invoices or doctored expense reports. Left unchecked, these schemes erode trust, inflate costs, and can even expose organizations to regulatory risk.

How Detection Has Caught Up

The good news? Just as with deepfake photos, technology has also advanced to fight back. Solutions like Attestiv bring forensic AI to invoices and other business documents, enabling organizations to:

  • Verify document authenticity at the pixel and metadata level, for pdf or image formats

  • Detect alterations such as changed amounts, dates, or bank details.

  • Streamline workflows by automatically flagging suspicious invoices for review, while letting legitimate ones pass through quickly.

  • Protect against reputational and financial risk by preventing fraudulent payouts before they happen.

  • Integrate protection directly into applications using APIs

Sorting Reality From Fiction

When an invoice isn’t really an invoice, it’s more than just a nuisance — it’s a financial and operational threat. But by deploying AI-powered authenticity verification, insurers and enterprises can ensure that what they see is what’s real.

With Attestiv, organizations can separate fact from fiction in invoices, just as they can with photos and videos. And in a digital world where fraud evolves every day, that capability has never been more essential.

Learn more about Attestiv’s Document Fraud Detection

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Nicos Vekiarides

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Nicos Vekiarides

Nicos Vekiarides is the Chief Executive Officer & co-founder of Attestiv. He has spent the past 20+ years in enterprise IT and cloud, as a CEO & entrepreneur, bringing innovative new technologies to market. His previous startup, TwinStrata, an innovative cloud storage company where he pioneered cloud-integrated storage for the enterprise, was acquired by EMC in 2014. Before that, he brought to market the industry’s first storage virtualization appliance for StorageApps, a company later acquired by HP.

Nicos holds 6 technology patents in storage, networking and cloud technology and has published numerous articles on new technologies. Nicos is a partner at Mentors Fund, an early-stage venture fund, a mentor at Founder Institute Boston, where he coaches first-time entrepreneurs, and an advisor to several companies. Nicos holds degrees from MIT and Carnegie Mellon University.

Mark Morley

Mark Morley is the Chief Operating Officer of Attestiv.

He received his formative Data Integrity training at Deloitte. Served as the CFO of Iomega (NYSE), the international manufacturer of Zip storage devices, at the time,  the second fastest-growing public company in the U.S.. He served as the CFO of Encore Computer (NASDAQ) as it grew from Revenue of $2 million to over $200 million. During “Desert Storm”, Mark was required to hold the highest U.S. and NATO clearances.

Mark authored a seminal article on Data Integrity online (Wall Street Journal Online). Additionally, he served as EVP, General Counsel and CFO at Digital Guardian, a high-growth cybersecurity company.

Earlier in his career, he worked at an independent insurance agency, Amica as a claims representative, and was the CEO of the captive insurance subsidiary of a NYSE company.

He obtained Bachelor (Economics) and Doctor of Law degrees from Boston College and is a graduate of Harvard Business School.