Reply to post: Re: Two factor of sorts can work here

Yar, thar she blows: Corp-cash-stealing email whaling attacks now a $12.5bn industry

Ken Moorhouse Silver badge

Re: Two factor of sorts can work here

I don't do company on-line banking but I presume there must be some emulation of the way cheque signatures have traditionally been done.

Cheque up to £x? One signature.

Cheque over £x? Two signatures.

In an on-line system the first person logs in and sets up the transaction. The second person authorises it. And in my view it has to be in that order - no emulation of pre-signing blank cheques allowed. If this facility is available then one thing is certain, judging by the scams, not enough companies are making use of it.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2021