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1.2 million bank accounts compromised at Bercy. Monitoring your accounts is no longer enough.

  • Feb 23
  • 1 min read

The ZDNet article confirms a massive vulnerability in the FICOBA database. For an executive or CIO, the usual advice ("change your passwords") represents the bare minimum level of protection.


Faced with the threat of SEPA direct debit fraud, we must move from a reactive mode to a total control mode.


Here are my 3 priority recommendations for securing your company's cash flow:


1️⃣ The EBICS TS (Transport and Signature) protocol: This is the "standard" for banking security. Unlike standard EBICS, the TS version requires an electronic signature attached to each payment file. No order is sent without strong digital validation. This puts an end to "unauthorized" transfers.


2️⃣ The Creditor Whitelist: Stop being charged. My recommendation is to ask your bank to block ALL new creditors by default. Only SEPA Creditor Identifiers (ICS) that you have explicitly validated can make withdrawals. This is the ultimate weapon against fraudsters who would use your leaked bank details.


3️⃣ The Spend Management Workflow: A withdrawal should never be a surprise. By linking your ERP to expense management tools, each cash outflow is validated upstream by a precise workflow (Manager > IT > Finance).


Cybersecurity isn't just a technical barrier; it's a matter of rigorous operational processes. My method at hashtag#DSIACTIVE : audit your flows, establish a clear roadmap and manage the implementation of these banking safeguards to protect your cash flow.


And you, what level of security is your professional account set up?




 
 
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