Business entities of all kinds majorly use a current account for their banking needs. A current account provides services for all types of business based on requirements. Be it a start-up, established company, etc.…facilities like bulk transactions, overdrafts, etc. are required by all of them. All of this can now be done seamlessly without having to visit the bank each and every time. While internet banking has made everything accessible and simple, it is always recommended to implement security measures for your current account.
Banks make sure that your account is always protected and it also tracks suspicious or any out-of-the-blue activities that may pop up on your current account. However, you must always make sure that the safety of your account is not compromised, especially when online frauds keep on increasing with each passing day.
To ensure that your current account is safe and secure, we have enlisted the following five tips:
- Be aware of phishing and scam emails
Emails that look authentic and official in nature but actually contain harmful links that when clicked may compromise sensitive data, are now increasingly getting common. It is important to be trained in identifying such fake emails. Do not click on links or open any attachments that are included in such mails.
- Protect your system from malware and spyware
Malwares or simply any malicious software that may intrude on your system and damage it should always be checked regularly for. Protecting your systems by installing anti-malware software and regular checks can prevent this.
- Change your passwords regularly
Keeping one password for far too long can do a lot of harm than good. This is something that even your bank would remind you to do every now and then. Make sure you do not repeat old passwords; keep on changing them, and set strong passwords. Set up two-factor authentication.
- Do not share sensitive information
Calls, messages or even emails asking you to disclose information that may seem important and sensitive in nature should never be shared. OTP, CVV, PIN, etc.…are not supposed to be shared even if someone posing as your bank representative asks you to.
- Always use the secure website
Since online banking is now common, always make sure you are using a secure webpage. Make sure you read the disclaimers on your banking site and be aware. There may be more than one site for your bank visible to you. But there are high chances that some of these were created with the intention of misleading people. Only use the official site of your bank which has a secure URL. It is advisable to read and learn more about what makes a website secure and how to identify one.
These five points are extremely important in an online-driven banking economy where fraudsters would always try to find some loopholes. And with the advent of new technologies every passing day, every effort to maintain account integrity must be made.
Security and privacy checks should be carried out religiously once in a while. Bigger corporates have a dedicated team of professionals to look after these needs. A growing business may also choose to hire the services of a professional if online banking is the preferred route for them. An IT team is a necessity in many cases. Apart from these, in case you notice anything suspicious, then it is always a good idea to contact your bank and inform them about the same. Timely intimation of any activity can help you to save major losses.