I just read in today’s Pittsburgh Post-Gazette that there is a new scam that has affected the Supervalu grocery chain.
Apparently, someone pretended to be an employee of a couple of its suppliers and asked it to redirect its payments to new bank accounts. Of course, the bank accounts belonged to the scammer(s) and not the real suppliers.
So there’s some new stuff for purchasing professionals to address in their contracts, policies, and procedures, preferably sooner rather than later:
1. How suppliers are required to notify your company of changes to remittance instructions
2. Who verifies and/or authorizes changes to remittance information in your system
3. How access to changes to remittance information will be restricted
4. What the clerk making remittance information changes has to have in order to process changes
When I think of the companies I worked for and how easy it would have been to fall prey to this time of scam, I find it pretty scary.