Protecting Your Business Online

Protecting Your Business Online

As a prudent mobile device and computer user, it’s natural to wonder if your mobile and online bank transactions are secure. Here are some ways that you can bolster the security of your digital banking information.

Direct Connect

Once you've enrolled and activated your mobile device, it's authorized to link directly to your bank accounts to conduct banking business when you're on the go. Only devices that you approve can access accounts.

Password Protection

It’s always a good idea to use the “lock” feature on your smart phone — an electronic lock that can only be opened using your smart phone password or PIN. This protects all data stored on your smart phone in case it gets lost. Banks also add another layer of security by requiring a password to access your online accounts using a mobile device.

Data Encryption

To protect your company’s highly-sensitive financial data, banks employ heavy encryption — special coding — that eliminates the likelihood of transmissions being intercepted. Banks can also send alerts and other information regarding account activity to your mobile device. These messages are also heavily encrypted to protect bank account numbers, PINs and other sensitive data.

Banks Respect Your Privacy

If you’re a busy business owner, you store a lot of information on your mobile device. Your device may have a contacts list, snap shots from the latest job site and emails from the field. Today’s devices offer a lot of different features used by businesses every day. Your bank’s security system respects your privacy. It doesn’t access other information stored on your mobile device. Your bank simply uses your device's features – like the camera to take pictures of checks for remote site deposit – and keeps clear of the other information stored on your device.

Getting Started With Mobile Banking Is Easy

Banks take security very seriously and provide multiple layers of security to keep your data safe. To equip your mobile device with company account access, you’ll be required to enroll in your bank’s online banking program. You’ll also be required to register all devices authorized to access online accounts. To further secure company information, you can create different permissions for each user. If an employee requires “view only” account access, that's no problem. You decide who sees what information.

Common Sense Security Tips From Your Bank

Your bank may also offer some common sense tips to keep mobile banking even more secure. Here are some simple steps you can take to keep mobile and online banking even more secure:

  • Never loan your account-authorized device, even to a trusted employee or family member. Keep your mobile device in a safe place for even more security.
  • Use letters, numbers and punctuation symbols in account passwords and, of course, never give your password to anyone.
  • Don’t keep your password with your mobile device. You might be tempted to store passwords in your day planner – the same day planner in your briefcase along with your device. Instead, try storing PINs in a secure place away from your normal briefcase.
  • Never leave your mobile device unattended. Take it with you, or lock it in a secure location.
  • Train your team in best practices for accessing online bank accounts on mobile devices to improve data security even more. A smart team, trained in device use, adds an additional layer of security to company data.

Mobile banking has become an invaluable tool used by more and more businesses with multiple locations, service technicians on the road, and the sales team attending an industry trade show. Businesses run better with mobile banking services, and you can rest assured that your security is paramount to your bank.