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Wholesale Banking

The importance of the four-eye principle for transactions

Every day fraudsters find new ways to target you. By now they realise that emails with broken English are not going to fool you, so they are upping their game. One of the goals of fraudsters is to transfer money to their own accounts. They try to do this with many small payments or one single large one, by for example sending a user a fraudulent request or they phish their credentials.  

Four-eye principle

To reduce the risk you can set up the four-eye principle for your payments. This can be done in multiple ways, like implementing dual signing for all your users. Or you can have user groups that can only initiate a payment and another group that signs them. It ensures that every payment is validated by a second or third person. This way you know payments are not altered and any mistake can be corrected before execution. That is why it is so important that the second person actually checks the details before approving. So start now and set up the four-eye principle in InsideBusiness.

Learn more about fraud prevention

Go to our banking safely page.


The information on this page is provided to you solely for informational purposes in order to make you aware of the most frequent cases of fraud and provide you with recommendations to protect yourself against it. This information does not ensure that your company, acting upon these recommendations is or will be protected against any occurrence of fraud. No rights can be derived from the use of and reliance on the safeguards you take by following up these recommendations. ING does not accept any responsibility or liability with respect to your reliance on and the actions you take as a result of these recommendations. This disclaimer is governed by Dutch law.