PaymentKnox™ for Accounts Payable
robust outgoing payments protection
continuously verify banking details to prevent cyberfraudsters from ‘hijacking’ payments
Cybercriminals today are using ever-more sophisticated techniques, such as vendor impersonation, business email compromise (BEC), and social engineering, to divert outgoing corporate payments to their own fraudulent accounts. As their success rates grow so does the financial damage incurred by targeted organizations.
PaymentKnox™ for Accounts Payable introduces a technology-driven approach that enables organizations to minimize the risk of human error and prevent unauthorized payments. The offering is comprised of three solutions:
Global account validation based on authoritative data from the banking system, based on our in-network and out-of-network solutions.
Where others stop, our validation continues.
for an automated and highly secure verification process that ensures that master payee data is current, accurate, and hasn’t been tampered with
by scanning and analyzing payment transactions to ensure that every payment is made only to validated payees and accounts
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.
