Making EFT Fraud a Thing of the Past
VerAssured (under development)—the only product of its kind—provides your business with the security and peace of mind of knowing that when money is sent, money is received.
VerAssured is battling business email compromise (BEC) and Electronic Fund Transfer (EFT) fraud with account verification, integration with business platforms, strong transaction insurance, and at all times… you control your own money.
Why do you need VerAssured?
The CFO Experience…You have a sick, unsettling feeling. Your accounting team has just walked into your office. The large wire didn’t get where it was supposed to.
The money is gone.
“We received an email from our Supplier identifying the bank and account to pay. It looked real and appeared to be genuinely from our supplier…It was not.”
“We had protocols in place! My team was supposed to verify the bank and account BEFORE initiating the transfer of our funds…They did not.”
“We have a cyber insurance policy in place. Our insurance agent says that our policy excluded losses caused by ‘Social Engineering.’ Seriously? What’s Social Engineering?’”