Experts say it can take as little as three weeks to form a habit, and if you own or operate a business, make it a daily habit to check your account(s) activity in online banking. Review debits and credits as they occur so you can catch any fraudulent checks, duplicate check numbers or unauthorized ACH debits. No one knows better than a business owner or finance manager what transactions are normal and expected in your accounts — perhaps you notice a check number is out of sequence or a dollar amount seems too high for a check paid to a vendor.
As a financial institution, SESLOC goes to great measures to protect your accounts and online banking profiles, but there are still habits you should form to protect your information from fraudsters attempting social engineering or mail theft. In addition to monitoring your transaction activity every day, protect your account by following these tips:
- Secure documents with sensitive information, and shred them when they are no longer needed.
- Electronic payment services are secure and reduce the potential for fraud resulting from mail theft.
- Encrypt emails with sensitive data, such as sensitive information or attachments, to add an essential layer of security.
- Use a unique user name and password for your Online Banking, and never it with anyone.
- If you have employees that need Online Banking access, ensure they have their own login — you can set up profiles depending on what tasks or transactions they may be responsible for, and you can even set up dual control to show entry and approval.
- Cybersecurity experts recommend updating your password every three months, or sooner if you suspect your password has been compromised.
- Keep your account’s contact information up to date.
- Keep your software up to date — cybercriminals release new threats every single day, and out-of-date software is responsible for an estimated 22% of security risks.
- Secure your Wi-Fi with encrypted and password-protected your networks. If you offer Wi-Fi access to guests, it should be separate from the network you use to conduct business.
- Combine web-filtering, spam email filtering, antivirus software, malware protection, and firewalls along with a clear security policy and an emphasis on employee training.
When working with businesses, we often refer to “your business banking relationship” because in our relationship with you it is a joint effort to keep your accounts, information, and money safe. The SESLOC Business Services team is here to help if you have any questions. Contact us or inquire online today »