Payments Assoc. Offers Advice to Fight Corporate Account Takeover: Multi-factor authentication/multi-layered security structure. Reconcile corporate accounts and transactions on a daily basis — either at end of day or at least at the beginning of the day. Financial institutions and their corporate accounts alike realize the real risks they face – and simple solutions they can implement to help mitigate those risks. At the national level, this problem of corporate account takeover has gotten real attention, but real solutions won’t come until financial institutions and corporate accounts realize the risks.”]
Source: https://www.cuinfosecurity.com/5-tips-to-reduce-banking-fraud-a-2534