Business email compromise and invoice fraud cost companies more every year, and they work by targeting people rather than systems. These habits make the people who move money much harder to fool.
1. Use passkeys or two-factor sign-in
A stolen password should never be enough to reach your accounts. Passkeys cannot be phished at all, and an authenticator app adds a code a fraudster does not have.
2. Treat new bank details as suspicious
Most invoice fraud starts with a message announcing that a supplier has changed banks. Confirm every change by calling the supplier on a number you already had, not one in the message.
3. Let new payees wait
A short waiting period before a new payee can be paid gives the team time to notice a payee that should not be there, before any money leaves.
4. Require a second approver
One person can be rushed or deceived; two people who check independently rarely are. Make sure the requester can never approve their own payment.
5. Keep an audit trail
Knowing who added a payee, requested a payout and approved it makes problems quick to investigate, and discourages misuse in the first place.
Business Globalizer Bank builds all five into the product: passkeys and two-factor sign-in, account numbers that are never stored in full, a waiting period for new payees, two-person approval for vendor payouts, and an audit log of every action.