Six Simple Tips to Lower Risk of Online Bank Fraud

1) Use Stand-Alone Workstation for On-Line Banking

     • Use Only for On-Line Banking
     • Don’t Connect It to Corporate Network
     • Use a Separate Internet Connection
     • Keep It Fully Patched
     • Keep Anti-Malware Up-to-Date

2) Get Separate Out-Of-Band Confirmation from Your Bank for All Online Transactions

3) Reconcile Online Accounts Daily Using Out-of-Band Account Access

4) Train Staff — Semper Vigilans

     • Be On Guard for Social Engineering Attacks
     • Don’t Click on Email Links or Open Email Attachments Unless You Know They Are Safe; When in Doubt, Don’t
     • Limit Workplace Information Posted on Social Networks

5) Discuss Cyber Crime Insurance with Your Insurance Broker

6) Be Suspicious

     • It’s Not Paranoia If They Are Out To Get You

Disclaimer: While the above tips can help protect you against online bank fraud, they are not silver bullets. Following these tips can lower your risk; they cannot reduce your risk to 0.

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