Finance

Three Keys to Securing Your Business Against Fraud

With all of the news these days about phishing expeditions in our emails and hackers in our websites, is it any wonder that more businesses are looking at ways to combat fraud? Some days it almost feels as if we are being attacked from all fronts at the same time.

But there are a couple of simple ways that you can maintain the upper hand in this battle against cyber criminals. We have a few ideas here on what you can do, no matter what the size of your business.

Secure Your Website and Intranet

These days it is a rare business that doesn’t have a website as a simple extension of their physical business. In fact, some businesses only exist on the web. No matter what kind of business you have, or how big or small it is, you need to protect that online presence from fraud and cyber criminal activity.

One step that every business should take is to install secure payment services on your site if you sell products or services online. This is software that protects your site from fraudulent activity and ensures that you have clear identification of anyone who uses your site to purchase a product or service.

All access to your intranet site should be password protected. In addition, those passwords should be changed regularly and only employees who have a need to be on the site should be given those passwords. Many companies will keep their financial records on a separate computer, often one that is not connected to the net and is always protected with its own set of passwords. Better safe than sorry when it comes to your own financial information.

Know Your Employees

No, we don’t mean you have to become best buddies with them. But you should make sure that you have done thorough background checks of anyone you hire. That includes talking to the Human Resources Department at any previous jobs to ensure they aren’t leaving out anything you need to know about them.

It really does depend on your own hiring practices. But at least if you hire someone with a criminal background in financial fraud you will know not to give them passwords to important financial areas on your intranet. The same goes for any vendors you deal with on a regular basis, though this is more for making sure they are trustworthy in general.

Education is Key

One of the best ways to make sure that your site is secure is to make sure that all your employees are up to speed on the latest in secure software. Make sure they know how to update their software that protects your computers, that they have passwords in place and that they update them on a regular basis.

Having new employees take training in security is always a good investment as it ensures they are up to speed with everything you do and understand its importance to you and your business. Having well trained and intelligent employees can make the difference in any business, big or small. Invest the time and money in them and your software to ensure your company is as safe from fraud as you can make it.