Vendor Fraud Prevention is the practice of safeguarding business resources against instances of fraud and misconduct by external vendors or third parties. Proper application of vendor fraud prevention measures, such as conducting regular risk assessments, utilizing data analytics to detect anomalies, and implementing robust contractual controls, can help protect businesses from financial loss, reputational damage, and operational disruption. By engaging stakeholders at all levels of the organization in comprehensive fraud prevention, businesses can ensure that their operations are secure.