KPMG and nsKnox partner to secure corporate payments
nsKnox, a cyber security provider of corporate payments protection technology has partnered with global consulting firm KPMG. As a result, KPMG Israel will be the global distributor and service provider of the joint offering, KPMG Secure Payments.
The solution combines the KPMG’s finance, compliance and cyber security consulting and nsKnox’s technology in detecting frauds and preventing in real-time. KPMG Secure Payments is designed to provide organisations with an end-to-end, holistic defence against fraud in supplier payments, including protection from cyber attacks, internal fraud, social engineering, and data manipulation attempts.
KPMG Secure Payments addresses payment processes and supplier verification. It verifies supplier and account details, and will flag and block of fraud attempts in real-time. It also includes advanced payment verification and data protection, risk and policy checks, ‘Know Your Supplier’ verification processes, and a Global Payee Repository. The two parties say that the solution can be implemented with any company ERP.