Two major US technology firms 'tricked out of $100M'
People would legitimately be surprised to learn how low tech ordering/invoicing/remittances remain in 2017 even for half billion dollar contracts.<p>There's very little automation, even EDI is the exception rather than the rule (particularly for one off orders), most are either still paper, fax, or insecure email.<p>Email remains pretty broken. You'll be lucky to get end to end encryption, and once it arrives it is hard to make assurances that the sender really sent it (or even the sender's domain).<p>People have tried to fix email but nothing as ambitious as TLS/HTTPS has been. And getting people to use a more secure platform built on top of HTTPS is likely a non-starter...<p>So what can be done? I legitimately don't know. Even snail mail can be "hacked" via sending a plausible sounding invoice to the right address at the right time.