Fraud Education for Business


Internet Banking Best Practices for Businesses

  • – Prohibit shared Internet Banking ID’s and passwords among users.
  • – Change Internet Banking passwords regularly.
  • – Never share Internet Banking ID’s and passwords with third-party providers.
  • – Use complex passwords that contain alphabetic and numeric characters, as well as punctuation and random capitalization.
  • – Use dual-controls for ACH and wire transfer payments.  The originator should be separate from the transaction authorizer.
  • – Never leave your computer unattended during Internet Banking sessions.
  • – Avoid using Automatic Log-In features for Internet Banking sessions.
  • – Conduct Internet Banking activities on secure computers only.  Do not access Internet Banking from a public computer.  This could allow unauthorized access to Internet Banking accounts.
  • – Educate employees.

 

Preventing Cyber Threats for Businesses

  • – Install a firewall to protect your network.
  • – Use complex passwords and change passwords often.
  • – Prohibit personal use of business computers.
  • – Do not open links or open attachments contained in suspicious e-mails.
  • – Keep your computer operating systems up-to-date with patches and updates.
  • – Install, run and keep anti-virus, anti-spyware and other software updated.
  • – Only install applications and software from well-known companies you trust.
  • – Set your browser preferences to block pop-ups.
  • – Conduct Internet Banking activities on secure computers only.
  • – Backup data.
  • – Educate employees.

 

Additional Best Practices for Businesses

  • Employ daily reconciliation of all banking transactions.
  • Segregation of duties:
  •      – Use dual-controls for ACH and wire transfer payments.  The originator should be separate from the transaction authorizer.
  •      – Use dual-controls for other banking activities.  Reconciliation of bank transactions should be separate from the transaction originator.
  •      – Restrict access to checks and business credit cards.
  •      – Secure documents and financial instruments.