Transfer Invoice for Security Made Simple

Transfer invoice for Security

every other week we hear businesses transferring money to the wrong guys right falling victim for invoice fraud right and some cases or in most cases these businesses have been proactive towards security and their business yet they fell victim that they fall victim for it so how does it happen okay you're being proactive in your business you're secure but you have you need to secure your supply chain your suppliers if you're if your suppliers email account gets compromised and you know you receive an email saying we just changed our bank details please transfer the money into this new Bank you know you transfer the money you lost the money not your supplier right so what can you do a couple of things you can do whenever is supplier tells that they change the bank details pick up the phone on double check confirm over the phone you pick up the phone and the next thing you should have a process whenever you're onboarding a new supplier or whenever you're reviewing your suppliers ask for a copy of their cyber essentials certificate or a copy of their cybersecurity policy or the passwords policy you know it's not the it's not the Silver Bullet there are a number of things that business can do to achieve the enough secure security for their business but as cyber essentials or the copy of the cyber security policy that will get them started you know you're asking the right questions at least you're starting somewhere right if this you have a confidence they know about these things they're taking precautions for security so next time you're reviewing your suppliers or your onboarding a new supplier ask for a copy of their cyber essential certificate or copy of their cybersecurity policy right secure your just supply chain they or businesses you know I mean you're talking about masks they were secure the past they were up to date or what happened you know one of the accounting software they were using the ransomware got through the supply chain right secure your supply chain thank you very much [Music] you [Music]