IT Security Tip #5 – Banks and Business Accounts

IT Security Tip #5 – Banks and Business Accounts

This may shock you about bank fraud on business accounts.  Did you know your company’s bank account doesn’t enjoy the same protections as a personal bank account? For example, if a hacker takes money from your business account, the bank is not responsible for getting your money back. (Don’t believe me? Go ask your bank what their policy is on refunding you money stolen from your account!) Many people think FDIC protects you from fraud; it doesn’t. It protects you from bank insolvency, not fraud.

Here’s the  quick tip: Set up e-mail alerts on your account so you are notified any time money is withdrawn from your account. The faster you catch fraudulent activity, the better your chances are of keeping your money. If you contact the bank immediately, you have a very high probability of foiling a hacker’s attack.

Terry has an innate sense of integrity that governs everything he does, from his personal life to his professional career. Terry’s passion for delivering the right solution engenders a loyalty among his clients that is rarely seen these days. I was impressed with the ease of which Terry is able to talk technology to people from all walks of life, from those with no computer skills to the techno-geeks. He is a natural leader, and people respond very well to his engaging personality and quiet confidence.”

Computer Support
Brian Holly, Assistant VP of IT, MTSU

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