It may seem basic, but one of the most important things you can do is create strong passwords. Although it obviously seems obvious, weak passwords remain one of the easiest ways for hackers to break into accounts.
Good passwords ought to be 12 characters long and they should be made up of a combination of letters, numbers and special characters. If you’re someone who’s still using something like your first pet’s name or, heaven forbid, “password123”, it’s probably time for an update.
In addition, multi-factor authentication (MFA) is also a great thing to use whenever possible. It allows you to access your business bank account by means of two forms of identification – normally a password and something like a security token or a phone.
That way, even if a nefarious character gets hold of your password, they’ll still need that second means of authentication to access your account, and this can be the difference between having a secure account and leaving your finances vulnerable.
