Online banking has made it easier and more convenient to manage business finances, but it also provides an opportunity for hackers to gain access to business accounts with the goal of making unauthorized money transfers. Better Business Bureau recommends small business owners implement a few simple steps to keep their financial information and transactions secure when banking online.
According to Visa Inc., 85 percent of data breaches occur at the small business level. Many business owners are ill prepared to defend customer or employee information in the face of an attack; 33 percent of small businesses lack even simple antivirus protection, according to Symantec Corporation.
“Small business owners might feel that they are flying under the radar of data thieves and hackers, but they are actually in the crosshairs,” said Robert Shomphe, BBB President/CEO. “That’s why BBB partnered with leading security experts to show small business owners that implementing a strong data security strategy doesn’t have to take a lot of time or resources.”
BBB and partners Symantec Corporation, Visa Inc., Kroll’s Fraud Solutions and NACHA – The Electronic Payments Association created Data Security–Made Simpler, an online resource to help small businesses implement key data security policies and practices.
Data Security-Made Simpler tackles the key topics of small business data security including the following advice for small business owners to make secure online banking transactions:
Data Security—Made Simpler was created by BBB in collaboration with two nationally-recognized data security experts, Dana Rosenfeld and David Zetoony.
Small business owners can get additional advice and tips on improving data security at www.bbb.org/data-security/.