In the current climate it's essential to keep on top of your finances and to be able to access your data at all times. Online banking is one of the quickest and most versatile ways to stay in control of your cashflow. It's also one of the cheapest: banks often offer online services at no additional cost. This guide will help to explain why and how you should bank online.
By banking online am I making my business account more
vulnerable to fraud?
You should be vigilant and guard against phishing scams and other fraudulent activities. However, if you keep your passwords safe and change them regularly - especially if you have turnover in staff - you have every reason to believe your account should remain secure.
Secure session: when you view your bank account online, you should ensure you are in a 'secure session'. You can easily recognise when you have entered a secure page because your web address will be prefixed by 'https://', and there will be a locked padlock icon in the lower right-hand corner of your browser. In secure sessions, information is encrypted before it leaves your PC so that it is illegible to outsiders.
SSL (Secure socket layer): internet communications such as banking are required to be afforded a high level of security. The SSL encrypts communication between your browser and your server so that account balances, credit card numbers and passwords remains safe.
Phishing: criminal attempts to fraudulently acquire sensitive information such as usernames, passwords and credit card details by masquerading as a trustworthy source.
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