• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Submissions
  • About Us
  • Contact Us
  • Jan 18, 2021
  • Startup
    • Creating a Plan
    • Funding a Startup
    • Franchise Center
    • Getting Your Office Ready
    • Making Your Business Official
    • Marketing Your New Business
    • Personal Readiness
  • Run & Grow
    • Customer Service
    • Human Resources
    • Innovation
    • Legal
    • Operations
    • Risk Management
  • Leadership
    • Best Practices
    • Communication
    • Green Initiatives
    • Open Culture
    • Strategic Planning
    • People Skills
  • Sales & Marketing
    • Advertising and Lead Generation
    • Marketing Innovations
    • Marketing Plans
    • Online Marketing
    • Relationships
    • Sales Activities
  • Finance
    • Budgeting and Personal Finance
    • Payments and Collections
    • Tax and Accounting
    • Pricing Strategy
    • Working with Investors
    • Working with Lenders
  • Tech
    • eCommerce
    • Hardware
    • Software
    • Security
    • Tech Reviews
    • Telecom
  • Shop

SmallBizClub

Helping You Succeed

efile4biz banner
Home / Technology / Security / Online Banking for Small Business: How to Protect Yourself
Online Banking for Small Business: How to Protect Yourself

Online Banking for Small Business: How to Protect Yourself

1324 Views

Mar 16, 2016 By Lancaster Red Rose Credit Union

If you’re a small business owner, you’ll want to make sure you’re protecting your company’s assets and funds. Whether you’re the one doing the book work or have someone else doing your finances, you need to be using best practices when performing online banking for your small business or any other financial work online.

If you’re not the one doing the book work, make sure those who do are trained and understand what they should and shouldn’t be doing.

When it comes to your small business you want to take as many steps as possible to protect your business from theft or fraud.

Use a Clean Computer

When performing business-related online banking, be positive that you’re using a clean computer that is only meant to be used for the purpose of financial work. By clean, I mean a computer you are truly positive has not been tampered with or could possibly be infected with malware that you’re unaware of.

Don’t use this computer for normal internet surfing or personal email use. Use it strictly for accessing legitimate financial websites and software. If you’re not sure who’s been accessing the computer or for what activities, be careful just assuming it being “clean.”

Don’t Install Unnecessary Software

This includes toolbars, or plug-ins, that aren’t needed for accessing your online banking sites. Java is a prime example of a plugin that is extensively exploited and targeted for vulnerabilities. If your online banking sites don’t require something like Java to work, then there is no need to have it installed on the computer.

Whatever software you do have and need on your financial use computer, make sure you keep them all updated on a regular basis. Some of the most commonly exploited software are (just to name a few):

  • Microsoft Office
  • Adobe Reader
  • Adobe Air
  • Adobe Flash Player
  • Java
  • Internet Explorer
  • Google Chrome
  • Mozilla Firefox

If you have such software installed on your banking computer, configure the software to allow automatic updates.

Same goes with your Operating System. If using Microsoft Windows, make sure you have automatic updates turned on and allow for automatic installation. A majority of updates made available for software serve to patch vulnerabilities and security issues that are found.

Remember, if the company is patching their software due to a security issue, more than likely cybercriminals are exploiting that weakness, hoping to find outdated programs. The longer you wait to update, the more susceptible your computer is.

Have an Anti-Virus Program Installed

Keep up with your anti-virus software just like any other programs you have installed. Make sure it’s set up to constantly update itself for new definitions and program updates. While most AV software has real-time protection, it’s still a wise choice to have it configured to do regular full system scans.

This will help catch anything that may manage to slip past those real-time protections.

Follow These 3 Small Business Online Banking Best Practices:

  1. Don’t save your small business online banking credentials within your web browser.
  2. Make sure to use different passwords for each different site you access.
  3. Don’t open website links from emails you’re not sure about: If you get an email from a financial institute you use, asking you to click on a link, instead open your internet browser and manually type their web address in to make sure you’re getting to a legitimate website.

While your personal online banking should follow these same best practices, not everyone takes the time and effort to do so. However, when you utilize online banking for your small business you have a lot more at risk and should make it a habit to do your online banking as securely as possible.

Filed Under: Security Tagged With: Banking, Security

Lancaster Red Rose Credit Union

Lancaster Red Rose Credit Union

Lancaster Red Rose Credit Union has been serving consumer banking needs of Lancaster County, PA, for over 60 years. LRRCU's mission is to exceed the needs of their members by providing reliable, quality financial services that will improve the lives of those they serve and provide a wide range of financial resources to people, small businesses and nonprofits in Lancaster and beyond.

Related Posts

  • 4 Marketing Solutions for the Online Banking Industry
  • 4 WaysTo Protect Your Business Data
  • 7 Ways to Get a Bank Interested in Your Startup

Primary Sidebar

efile4biz banner

Random

10 Tips To Keep Cybercriminals Away

Jan 18, 2021 By Mark London

9 Things Every Commercial Truck Driver Should Know

Jan 18, 2021 By Jamshed Chaudhary

How Modern Law Firms Are Adapting To Virtual Meetings

Jan 17, 2021 By Jamshed Chaudhary

14 Practical Ways to Make Money with Bitcoin

Jan 16, 2021 By Luke Britton

6 Things Every Startup Should Know in 2021

Jan 16, 2021 By Jeremy Bowler

efile4biz banner

Footer

About Us

Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Copyright © 2021 by Tarkenton Institute, Inc. All Rights Reserved | Terms | Privacy