PaymentKnox™ for Accounts Payable
robust outgoing payments protection
continuously verify banking details to prevent cyberfraudsters from ‘hijacking’ payments
Outgoing payments are at risk
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.
89 %
of cyberattacks
use social engineering
$ 3 B
in losses due to
BEC in 2020
The 3 pillars of powerful payments protection
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:
Account Validation
of domestic and international accounts through a unique combination of advanced technologies, rigorous validation techniques, and public and private database searches
Master Data Guard
for an automated and highly secure verification process that ensures that master payee data is current, accurate, and hasn’t been tampered with
Payment Check
by scanning and analyzing payment transactions to ensure that every payment is made only to validated payees and accounts
Unprecedented benefits
Zero errors
from manual processes that are prone to social engineering attacks
Detection & alerts
to payment and master data discrepancies, as well as payment files manipulation attempts
Automated assurance
of bank account ownership and details accuracy
Early action
to assure that payments are made only to intended recipients
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.