Business email compromise (BEC) is a type of cybercrime where the scammer uses email to trick someone into sending money or divulging confidential company info.

The culprit poses as a trusted figure, then asks for a fake bill to be paid or for sensitive data they can use in another scam.

Most companies sends invoices with their business banking details printed on the invoice.
This exposes a security risk where cyber criminals intercepts these emails and changes the banking details before sending it on to the original recipient.

Once your customers receives the invoice with the "fake" banking details, they end up paying the money into the scammer's bank account.

With a TruBankID you whould add additional bank detail verification methods to your invoices and preferably remove banking details all together from your documentation.

You can add the Trubankid Image with your unique code, which customers can use to lookup your validated bank details on the Trubankid website.

Or customers can simply scan a QR code with any mobile device which will display you validated banking details.

Security

• Two-factor authentication
• Company validation to avoid fraudulant accounts
• Highly effective data encryption algorithms