Whether you are an individual or a small business, there are security risks involved when completing transactions using your computer or mobile device. We all enjoy the convenience of shopping and carrying out financial transactions online, but recent industry reports state that every year millions of people around the world are victims of online crime. Small businesses are not immune. A relatively new kind of fraud is called “account takeover”. This gives the criminal access to business accounts, allowing them to transfer funds, make unauthorized transactions or even set up false employees for payroll payments.
In 2012, financial transactions carried out on mobile devices doubled and are set to triple by 2014. Needless to say, millions of individuals and small businesses use mobile technology for many every day activities, exposing private information and financial data to high-tech thieves.
The American Bankers Association has prepared three excellent checklists for individuals and businesses using the internet on computers and mobile devices.
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