Manually verifying payment instructions is risky and inefficient
Digitization of push payments (wires, RTP, crypto, and more) greatly increases the threat of hijacked payments.
All it takes is a compromised email account.
You’re trying to fund an investment, distribute to an LP, or pay an invoice. But a fraudster uses the recipient’s email account to impersonate them – and get the money! These attacks, known as business email compromise (BEC), are happening every day.
Manually verifying payment instructions is risky and inefficient
Digitization of push payments (wires, RTP, crypto, and more) greatly increases the threat of hijacked payments.
All it takes is a compromised email account.
You’re trying to fund an investment, distribute to an LP, or pay an invoice. But a fraudster uses the recipient’s email account to impersonate them – and get the money! These attacks, known as business email compromise (BEC), are happening every day.
Business email compromise has already cost companies over $17B, with exposed losses totaling over $55B and growing. And that only includes reported cases.
Losses will only get worse, as more transactions are handled electronically and fraudsters are becoming more convincing. Everyone who sends money electronically is at risk.
Conventional measures can’t handle the problem
Email filtering does not stop BEC.
Phone calls to confirm are inconvenient, often skipped, and hard to do securely.
Secure email isn’t.
Fortunately, there is a solution
Walrus’s DoubleCheck® platform defends against these sophisticated attacks
