Prove and Verify Vendor Bank Account Change request through zero knowledge, SSI/DIDs
Protect your accounts payable teams and your suppliers from payment fraud the growing threat of AI-powered spear-phishing
In todays AI-enabled landscape, business identity theft is growing in such a rapid way that even the most vigilant accountant may be tricked to change vendor banking records that lead to stolen payments. Such issues can slip by unnoticed sometimes for weeks and months at a time before a vendor inquires upon lost and missing payments in the tens, even hundreds of thousands of dollars.
How can we protect accounts payable departments and their vendor communities from the unrelenting forces of social engineering, phishing, and B2B payment fraud?
The following repository advances a proof-of-concept to incorporate zero knowledge proofs and decentralized identity practices to address this critical business problem.
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