Don’t pay the wrong person again
eftsure is the only service for CFOs providing real time vendor alerts at point of payment. We protect you organisation from loss due to error or fraud in the online payment process
Request a demoHundreds of Australia’s leading organisations are more secure because of eftsure
The Problem
Financial controls have not kept up with the digital world
Cost to Australian businesses
Financial departments are the primary targets of cybercriminals and fraudsters. These adversaries are successfully exploiting gaps in the banking system, the limitations of ERP and Manual human processes to defraud companies.
of fraud starts with email
email is easy to monitor and penetrate
Using mail, fraudster can assume the identity of a supplier or CFO or supplier CFO!
Or can Phish for ERP, & Accounting passwords, opening a buffet for the fraudster.
If the human operators are duped, ERP cannot provide any alerts to external threats.
ERP issues a payment via an ABA file. An easily editable text file, creating another vulnerability.
Unless every line of the ABA is checked, separation of duties will fail to pick this up.
At Point of Payment the Banks do not match the Payee names to BSB or Acc numbers – so a payment to the wrong account will not be signaled here either.
Money is paid to the fraudsters account. Its easy to get duped.
The Banks aren’t liable. So the Money is difficult to recover.
Our solution
A system that verifies payee details and alerts you at time of payment
Compatible with banks
Works in your online banking reagrdless of which bank you use
Visual warnings
These appear instantly and prior to authorising payment
Compliance signals
Status summary
Roll over the visual status and get a summary
eftsure
Protects you against every type of online payments fraud
Supplier email compromise
Supplier or business email compromise (BEC) can defeat internal controls and the most vigilant teams
Fake invoices
Whethere internal or external, many scams end up with a fake invoice
Cyber fraud
Cyber crime is costing the Austrailan economy a billion dollars a year and growing
Password phishing
90% of scams start and involve email
Insider scams
ERP systems cannot protect you from a malicious employee
Get started
with eftsure today
Request your free personalised demo of eftsure to learn how you can protect payments, streamline and secure vendor management and improve financial controls.