As horrible as this is, I suspect this will be far worse in enterprise companies. We’ve already seen issues with email impersonation where top managers or CEOs order money transfers, and since this works better than it should, we now use confirmation of some sort. Imagine if you’d get both the email and a call, maybe even a video call in the future with the confirmation… Especially CEOs will be very “easy” to impersonate since there is often quite a lot of video footage freely available of them.

You’re going to have to rely on personal confirmation, or digital signatures to do these sort of transfers. We use the digital signature since we have a system for that in Denmark, but we can’t use that for our Japanese department as an example as they don’t have a similar system which integrates with our national digital ID for companies. I guess our national system will eventually be extendable to Japanese citizens in some way, but it’ll likely never be extended to al the countries we operate in for various reasons.

And this is us being sort of ahead of the curve on this, even for most companies around here in the worlds most digitalised country (unless that’s Estonia now). Interesting times.