Did you know October is National Cybersecurity Awareness month? It’s a month dedicated to raising awareness about the importance of cybersecurity, and a time for all of us to refresh our knowledge of cybersecurity best practices to protect our personal and business information.
PERSONAL FRAUD PREVENTION TIPS
General Best Practices:
- Protect your WiFi network with a strong unique password or run a firewall if you have a broadband connection.
- Keep anti-virus and anti-spyware up to date on all computers.
- Access your bank information from a secure location.
- Change passwords regularly- InBank requires a password reset every 90 days.
- Never provide your personal account information to anyone who calls, emails or texts you without verifying the request.
- When making a debit card purchase, push credit instead of debit.
- Receive e-statements through your personal online banking.
- Review your statements and transactions on a regular basis to make sure that everything looks accurate.
- Keep your personal information such as your phone numbers, email address, and primary mailing address up to date and on file with the bank.
- Never share passwords or authentication codes- InBank will never ask for this data from you.
- Beware of Email Phishing – the practice by fraudsters to trick you into providing personal information.
BUSINESS FRAUD PREVENTION TIPS
Protect Your Devices:
- Setup a dedicated banking hub- Choose a specific office computer as your “banking workstation” and use it only for business banking.
- Keep anti-virus and anti-spyware up to date on all computers.
- Never share passwords or authentication codes- InBank will never ask for this data from you.
- Change passwords regularly- InBank requires a password reset every 90 days.
- Protect your WiFi network with a strong unique password or run a firewall if you have a broadband connection.
Protect Your Accounts:
- Monitor/Reconcile your bank accounts daily.
- Enroll in account alerts/notifications in Online Banking.
- Store payment instructions in your accounting software or Online Banking templates- prevents accidentally entering the wrong payment instructions.
- Implement Fraud Prevention Tools with InBank:
- Positive Pay- Protects against check fraud.
- ACH Positive Pay- Protects against electronic transaction (ACH) fraud.
- Assign Dual Control – InBank requires two users/employees to initiate and approve outgoing transactions for ACH and Wires.
- Manage user IDs during employee turnover- delete access immediately for employees who are no longer with your company.
Business Email Compromise Prevention:
- Implement Multi-Factor Authentication for email.
- Urge employees to use caution in reviewing emails prior to engaging or clicking on links.
- Lock workstations when leaving unattended.
- Only email proprietary information in encrypted emails.
- Implement policy to validate all new payment instructions or a change in payment instructions for vendor payments, employee’s direct deposit, etc. to be verified by a phone call.
Please reach out to our Business Support team for any questions or concerns at Business.Support@inbank.com.