Prevent the Financial Effects of Cyber Threats

With Trustpair, secure your financial data and double-up your defenses against cyber threats. Step up your cyber risk management strategy!

ciso
Fraud Prevention Challenges for IT Leaders
Secure Data

Most cyber-fraudsters exploit financial data for their own gain. Safeguard your financial data to prevent cyber-fraud.

Fight Cyber Risks

83% of companies were targeted by cyber-fraud at least once in 2023. Implement software to block the effects of cyber-fraud.

Protect Assets

Cyber fraud costs money, jobs and time. Implement fraud prevention software on top of traditional cybersecurity tools.

The 4 Types of Cyber-Frauds Targeting Businesses

 

Cyber fraud involves using online solutions to commit fraud. IT leaders should be aware of the following types:

 

These threats evolve rapidly, necessitating robust, multi-layered cybersecurity strategies and ongoing employee education to protect corporate assets.

Why Should CISOs Be Involved in Fraud Management?

CISOs play a vital role in modern fraud risk management, extending their responsibilities beyond traditional cybersecurity. Their involvement brings several key benefits:

By involving CISOs, organizations foster a security-conscious culture throughout the company. Their access to advanced technologies and threat intelligence enhances detection capabilities.

Additionally, their experience in incident response enables the implementation of swift and effective plans when fraud occurs. CISOs are invaluable assets in the fight against financial crime.

Double-Up Cyber Defenses With Anti-Fraud Software

Protecting against cyber fraud requires a two-pronged approach: enhancing cybersecurity and implementing fraud prevention software like Trustpair.

To improve cybersecurity companies should encourage strong passwords and best online practices among employees, use anti-spam and anti-malware software on all devices, and provide regular security awareness training.

Internal measures alone are not foolproof. Fraud prevention software like Trustpair adds an extra layer of protection by:

Trustpair enhances cybersecurity measures and gives IT leaders the advantage in third-party risk management.

How does Trustpair Help IT Leaders?

Trustpair empowers IT leaders to enhance their organization’s fraud risk management strategy. By focusing on third-party risk management, it addresses a critical vulnerability often overlooked by traditional cybersecurity measures.

Our software’s global validation capabilities and real-time blocking of unauthorized payments wipe out the risk of successful cyber fraud attempts. Our SOC 2 Type 2 compliance ensures our solution meets rigorous security standards, aligning with the high-level security protocols IT leaders demand.

By integrating Trustpair, CISOs can extend their cyber risk management beyond internal systems to include financial transactions and vendor interactions, creating a more comprehensive security posture. This approach not only protects against direct financial losses but also safeguards the organization’s reputation and operational integrity.

The Key Benefits of Using Trustpair

0 successful fraud

at any of our 300+ clients

190 countries

covered by our banking data sources

SOC 2 Type 2

compliance for maximum security
Your fortress against vendor fraud

Experience Seamless Security in Action. Request Your Demo Today !

FAQ

Frequently asked questions

Browse through our different sections and find the answer to your question.

Automate Safely
Our software automates vendor bank account validation and doubles up cybersecurity defenses. It’s the ultimate barrier against cyber fraud’s financial effects.

Gain Efficiency
We offer flexible integration modes and can easily connect to your existing technical ecosystem, designing an easy-to use solution suited to your specific business

Control Globally
Confidently validate vendor bank accounts globally and validate vendor legitimacy across 200 countries thanks to the most comprehensive banking data sources network.

Chief Information Security Officers (CISOs) face a wide range of challenges in today’s rapidly evolving digital landscape. Their main concerns typically include:

  1. Cybersecurity threats: Protecting the organization from increasingly sophisticated cyberattacks, including ransomware, phishing, and advanced persistent threats.
  2. Data protection: Ensuring the confidentiality, integrity, and availability of sensitive company and customer data.
  3. Regulatory compliance: Staying up-to-date with and adhering to various industry regulations and data protection laws (e.g., GDPR, CCPA).
  4. Cloud security: Managing security risks associated with cloud adoption and migration.
  5. Third-party risk management: Assessing and mitigating security risks from vendors, partners, and other third parties.
  6. Insider threats: Addressing potential security risks from within the organization, whether intentional or accidental.
  7. Security awareness: Fostering a culture of security awareness among employees and stakeholders.
  8. Incident response and business continuity: Developing and maintaining effective plans for responding to security incidents and ensuring business continuity.
  9. Emerging technologies: Evaluating and securing new technologies like AI, IoT, and 5G as they’re adopted by the organization.
    Resource constraints: Balancing security needs with budget limitations and skill shortages in the cybersecurity field.

These concerns require CISOs to constantly adapt their strategies, stay informed about the latest threats and technologies, and work closely with other business leaders to align information security (or infosec) initiatives with overall business objectives.

Trustpair offers a variety of integration options to seamlessly fit into your existing technical ecosystem. Our software provides certified connectors for major ERP and procurement systems, including SAP S4/HANA, SAP ECC6, Ivalua, JAGGAER, and SAP Ariba.

For flexible implementation, Trustpair also supports SFTP and API roll-outs. We have established partnerships with leading software editors to ensure compatibility and smooth integration.

Additionally, we offer tailored support for deployment in your specific environment, ensuring that the fraud prevention technology adapts to your unique setup and requirements.

The security of the fraud prevention platform you choose is important. You can verify security measures by searching or asking for the certifications.

Trustpair is proudly certified by ISO27001, SOC2 Type II, and PCI DSS.

TESTIMONIALS

Voices of trust
Explore how our solutions have empowered businesses like yours 
to fortify against fraud and build a resilient financial ecosystem.
malika befares
Malika Benfares
Head of Treasury and Consolidation
sade-telecom-logo

"Trustpair gives us more reliability and peace of mind. The financial director is more serene when it comes to approving the transfer order."

Michele Bruno
Michele Bruno
CFO and Treasurer
decathlon-logo

"With Trustpair’s verification methodology, it's no longer just a consistency check but an exact confirmation of the validity of the third party: there is no longer any risk."

Joffrey Tabouret
Joffrey Tabouret
Head of Treasury and Financing
leaseplan-logo

"With Trustpair, we are able to automatically and quickly monitor our third parties and ensure the security of that very data over the long term."

Fabrice meunier
Fabrice Meunier
Administrative and Financial Manager
keys-logo

“I would definitely recommend Trustpair to finance departments. It makes adding and modifying beneficiaries more reliable, without resorting to manual processes that are cumbersome, time-consuming and fallible.”

Fanny Harquel
Fanny Harquel
Accountability Manager
octopharma-logo

“The control process is simplified with the Trustpair solution, the Finance Department is reassured and, above all, it no longer needs to waste time performing manual checks to verify a supplier's bank details.”

Colin Cesena
Colin Cesena
Middle Office Treasury Manager
axereal-logo

"Trustpair adapts very well to the specifics of our market and our way of working. Several features are developed as we work together. That's a real plus."

Mechain Etienne
Etienne Mechain
Financial Manager
groupe-dehon-logo

"Trustpair has become more than a reflex; it has become an obligation. The team no longer validates an IBAN unless Trustpair has confirmed it to us."

mauro portela
Mauro Portela
GBS - Managing Director Global MDM Operations
danone

Thanks to Trustpair, we’ve made a significant shift in our security processes and filled the gaps we needed to fill. Trustpair has proved to be a committed and trustful partner and we’ve appreciated the support and transparency.

Monika Razny
Monika Razny
Treasury and Corporate Finance Manager
edf renewables

We’ve gone from manual and time-consuming fraud controls to automated bank account validation done directly in SAP. The workload has been drastically reduced and payment security is now guaranteed.

Latest news
Dive into our comprehensive resources to deepen your understanding of vendor payment fraud, cybersecurity, and the transformative power of Trustpair.
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