Are you still using email to exchange wire details or deliver invoices?
How do you protect your company, employees, customers and vendors from phishing attacks and business email compromise (BEC) scams?
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Secure Your Business
A Business Email Compromise (BEC) is a specialist type of phishing attack that is becoming increasingly prevalent. BEC attacks are designed to impersonate senior executives and trick employees, customers or vendors into wiring payment for goods or services to alternate bank accounts. According to research from the FBI, BEC attacks accounted for half of the cyber-crime losses which took place in 2019.
In 2019, 81% of organizations were targets of attempted/actual payment fraud
Organizations that reported fraud, indicated 74% originated from BEC scams
Organizations that experienced attempted or actual payment fraud in 2019 did so as a result of BEC scams
What is BlockIt?
BlockIt is a purpose-built messaging protocol, built to protect business to business (B2B) communications. Today most scams usually occur when a third-party gets in the middle of a business communication, compromises an email account or uses phishing emails to compromise an end user.
BlockIt’s secure network removes email as the primary source for transferring business sensitive data. Highly trained, artificial intelligence, bots layered on top of a secure blockchain network monitors your B2B network for fraudulent activity 24/7 all without compromising your org’s privacy.
– Electronic Payment Authorization – Wire Details
Protect your B2B network and reduce the complexity of vendor screening and on-boarding.
Standardize internal processes for on-boarding company vendors and securely receive and share payment details
Fight fraud and easily add the power of artificial intelligence to your organization without a data scientist
Employ the benefits of blockchain with a secure, tamper-proof network in less time than it takes to make coffee
Explore our easy to use developer platform and integrate fraud protection directly into your application
Need help or have further questions?
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