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


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." etc

In Aussie:

I am, and have been for a number of years, on various sporting club committees. One time about 10 years ago an unscrupulous treasurer stole from us in this manner :/ Referred to the Police and dealt with of course.

Now we have a facility similar to what you describe when two signatories must login to send the transaction and one to concur and confirm it. It works well.

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