Protect vendor data at rest. Verify before payments are made.
With cybercriminals becoming more sophisticated in their ability to tamper with vendor-related payment information, it has never been more critical to ensure the integrity of master data. Master Data Guard from nsKnox enables organizations to benefit from an automated and secure process that verifies vendor and account information.
Current data is compared
with previous version to identify any changes
New data is validated
when company and/or account changes are identified
Alerts & reports are sent
to stakeholders, highlighting uncovered discrepancies
This way organization can be confident that payments are not being made to cybercriminals and only to the intended recipient, dramatically reducing the risk of fraud.
Stop any fraud attempt
Prevent cybercriminals
from attempting to attack
Stop bad insiders
who have access to IT and finance systems
How it works
1
Master data is sent for verification
flexible scheduling, can be prior to payment run or at regular intervals
2
Uncovering any change made to the master data
by searching for new accounts, new vendors, and updated account information
3
Reviewing the validation level
of any and every vendor in the master data
4
Validation process initiated
when supplier, account, or new information is identified as not yet validated
Get the power to protect
Verification flexibility
via integration with company systems for continual synch, or via nsKnox portal with proactive upload
Real-time visibility
review every vendor and their current and accurate account validation status, highlighting accounts that are not validated
Unlimited scale
validate tens of thousands of vendors in real-time
Unmatched accuracy
always know the real status of vendor account validation and reduce the number of unvalidated vendor bank accounts in the master data
Trusted by leading global brands
Let’s talk to see if our solution meets your needs
It’s powerful and easy,
with no effort from IT and no changes to current processes are required.
nsKnox is a fintech-security company, enabling corporations and banks to prevent fraud and ensure compliance in B2B Payments. Founded and led by Alon Cohen, Founder & former CEO of CyberArk (NASDAQ: CYBR), nsKnox solutions help organizations avoid significant financial losses, heavy fines, and reputational damage.
Leveraging its patented Cooperative Cyber Security™ (CCS) and groundbreaking Bank Account Certificate™ technology, nsKnox’s solutions detect and prevent finance & ops infrastructure attacks, social engineering, business email compromise (BEC), insider-fraud and other Advanced Persistent Fraud attacks.