Aug 12, 2022
A cyber attacker may target your business to gain unauthorized access to its accounts and data. If thieves gain control of the company's accounts, they can make unauthorized transactions, transfer funds, add fake employees to payroll and steal sensitive business and customer information.
Here are some tips from the American Bankers Association to keep your business safe:
- Educate Your Employees – The first line of defense is you and your team. Protecting your company and customers requires a robust security program coupled with employee education about warning signs, safe practices and responses to suspected takeovers.
- Protect the Online Environment – Just as you protect cash and physical locations, you should also protect your cyber environment. Connect to the internet using a protected connection. Maintain updated virus protections on your computer and encrypt sensitive data. Passwords should be complex and should be changed regularly.
- Partner with Your Bank to Prevent Unauthorized Use – Talk to your banker about programs that safeguard you from unauthorized transactions. Fraud prevention tools such as Positive Pay offer the ability to identify, authenticate and block fraudulent items.
- Be Vigilant and React Quickly – Watch for unusual account or network activity, pop-ups, and suspicious emails. Contact your financial institution immediately if you suspect a breach, stop online activity and remove any compromised devices from your system. Remember to document what happened and the steps taken.
- Understand Your Business Responsibilities and Liabilities – Review and consider your account agreement details and what security measures are required by your business. The security safeguards in the agreement must be understood and implemented. If you do not, you could be liable for losses caused by a takeover. If you have any questions about your responsibilities, consult your banker.
Protect you and your business with more information and tips by visiting Buckeye Community Bank's Security Awareness.
