How Cyber Unit Eliminated Credit Card Vulnerabilities and Simplified Expense Management with Venn

Company Name: Cyber UnitContact: Omer Segoly - Founder & CEO

Location: Vancouver, British Columbia

Founded: 2019

How Cyber Unit Eliminated Credit Card Vulnerabilities and Simplified Expense Management with Venn

About Cyber Unit

Cyber Unit provides enterprise-grade cybersecurity solutions tailored for small and growing businesses. Their services cover computer, email, mobile, and network security, ensuring companies operate without the constant worry of cyber threats. With a mission to make top-tier cybersecurity accessible to any sized business, Cyber Unit enables businesses to scale efficiently and securely.

The Problem

Like many growing businesses, Cyber Unit relied on a traditional credit card for vendor payments and software subscriptions. However, that single point of failure became a major liability when their credit card details were compromised due to a vendor breach.

"One of our vendors—or someone we purchased from—was likely compromised, and our credit card details were stolen. Fraudulent transactions started appearing, and while we were able to recover the funds, the real nightmare was replacing the card. We had to manually update payment details across dozens of vendors, which caused disruptions to our operations," said Omer Segoly, Founder & CEO of Cyber Unit.

The situation was made worse by a Canada Post strike, which left them without a credit card for nearly four weeks. Meanwhile, their bank offered no real support, pointing fingers elsewhere.

“This wasn’t the first time this happened to us, and we knew we couldn’t rely on vendors to keep our card details secure. The idea of having a single credit card as our only option made no sense anymore—we needed a smarter, more flexible solution.”

Additionally, Cyber Unit regularly transacts in USD, yet faced expensive forex fees when using their CAD-based card, despite holding USD funds. High exchange rates and unnecessary conversion fees further eroded profitability.

The Solution

Venn provided Cyber Unit with a modern, flexible approach to payments—allowing them to instantly issue dedicated virtual cards for each vendor and subscription.

• Virtual Cards for Every Vendor – Cyber Unit assigns a unique virtual card to each vendor, reducing risk and making tracking expenses effortless. If a card is compromised, they can shut it down immediately without affecting other payments.
• Multi-Currency Cards – Venn's smart cards eliminate forex fees by automatically transacting in the appropriate currency, preventing unnecessary conversion charges.
• Competitive Exchange Rates – Venn provides industry-leading rates, saving Cyber Unit $100s/month on currency conversions.
• Instant Employee Expense Cards – The ability to instantly generate virtual cards for employees simplified internal spending and reimbursement processes.

"The ability to spin up virtual credit cards instantly makes all the sense in the world for us. If a vendor’s card details are ever compromised, we can cancel it and issue a new one in seconds—no more headaches. Plus, we’re no longer losing money to unfair exchange rates.”

The Impact

Since switching to Venn, Cyber Unit has:

• Eliminated credit card vulnerabilities – No more reliance on a single card or worrying about vendor security lapses.
• Gained full control over expenses – Each subscription and vendor has its own dedicated card, making expense tracking effortless.
• Saved $100s per month – Venn’s multi-currency cards and better exchange rates have significantly reduced unnecessary fees.
• Simplified internal payments – Employees now receive pre-approved virtual cards for business expenses, removing manual reimbursement delays.

“Venn has transformed our financial management. The interface is intuitive, the features are practical, and the security benefits are unmatched. We never want to go back to the old way of doing things. Venn has been a pleasure to work with, and we recommend them to any serious business.”

About Venn - Canadian Business Banking Built for Growth

Venn is more than just invoicing. We’re redefining business banking by bringing together multi-currency accounts, global payments, automated accounting, corporate cards, and invoicing—all in one place.

Instead of managing multiple platforms, paying unnecessary fees, and wasting time on manual tasks, you can streamline your entire financial workflow with Venn. Whether you’re a small business owner, startup, or scaling enterprise, Venn is built to help you move money faster and more efficiently.

Join thousands of businesses using Venn to simplify business banking and sign up today.

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