Credit Cards And Bank Accounts

1430 Words6 Pages
Most importantly a company should protect their assets, specifically their credit cards and bank accounts. Credit cards and bank accounts are a common source of fraud and should be recognized as the most important advice to adhere to (Beesley, 2013, para. 5).Professionals recommend “separating your personal banking and credit cards from your business accounts – this will ensure fraudsters don’t get their hands on all your money. This will also make it easier to track your business expenses and report deductions on your tax return” (Beesley, 2013, para. 5). It is also recommended that credit cards are not shared with employees within the company. There are many advancements in technology that allow for reduced use of having to tote around…show more content…
8). Forbes Magazine offers a recommendation for using a “dedicated computer for banking” (Beesley, 2013, para. 9). Individual personal uses of the internet are recommended to be abstained from on this computer. Online activity that should be avoided include “social media, email, and web-surfing which can open up the machine to vulnerabilities” (Beesley, 2013, para. 9). Passwords are recommended to protect unwanted entry into secured systems (Beesley, 2013, para. 10). It is advised that passwords are changed periodically to avoid hackers breaching the system. Every three months is recommended. Also, never use the same password for all your passcode’s, in the event one is solved, all your accounts would be at risk (Beesley, 2013, para. 10). Education is the foundation for success. This is true in every aspect of life, but within a company employees need to be educated in preventative tactics. Education of how to react to security threats are a great asset in the event of a situation where security is at risk (Beesley, 2013, para. 10). Enforcement of new rules and policies on how to handle “company confidential information, including financial data, personnel and customer information” is needed as well (Beesley, 2013, para. 11). One major resource that companies have at their disposal is administering employee background checks when hiring a new employee. Employees are the motor of a company and are
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