PaymentKnox Reviews

PaymentKnox Description

nsKnox is a financial technology and security firm that assists businesses and banks in safeguarding against fraud and maintaining compliance in B2B transactions. Under the leadership of Alon Cohen, the company's founder and the former CEO of CyberArk (NASDAQ: CYBR), nsKnox offers solutions designed to help entities avoid substantial financial losses, hefty penalties, and damage to their reputation. Today, cybercriminals employ increasingly advanced tactics, including vendor impersonation, business email compromise (BEC), and social engineering methods, to redirect outgoing payments into their fraudulent accounts. As these criminals become more adept, the financial repercussions for affected organizations continue to escalate. To combat this issue, PaymentKnox™ for Accounts Payable provides a technology-based solution that significantly reduces the likelihood of human error and effectively curtails unauthorized payments. This innovative approach not only protects corporate finances but also strengthens overall trust in the payment process.