Online banking provides convenience, but it also comes with risks if not properly secured. Whether you’re managing your personal accounts or running a small business, protecting your financial data is crucial. This guide will show you practical steps to secure your accounts and prevent cyber fraud.

Best Practices for Online Banking Security

1. Secure Devices: Ensure your computer, smartphone, or tablet has updated antivirus software and a secure operating system.
   
   
2. Strong Login Credentials: Use unique, complex passwords and never share them. Avoid writing them down or storing them in plain text.
   
   
3. Two-Factor Authentication: Add an extra layer of protection. Even if a password is compromised, 2FA can prevent unauthorized access.
   
   
4. Regular Account Monitoring: Set up alerts for transactions above a certain amount and review account activity frequently.
   
   
5. Avoid Public Wi-Fi for Banking: Public networks are often unsecured and make it easier for hackers to intercept data.
   
   

Tips for Small Business Accounts

• Limit employee access based on roles and responsibilities.
  
  
• Consider dedicated devices for banking tasks to reduce exposure to malware.
  
  
• Implement strong internal controls and review transactions regularly.
  
  

Securing online accounts is critical for protecting your money and business. By following these steps, you can enjoy the convenience of digital banking without sacrificing security. Check out American Bank’s resources to learn more about protecting your personal and business accounts.