Protecting Small Business Bank Accounts Against Theft
Wednesday, October 12, 2011 - 5:00 AM
From a regulation standpoint, business bank accounts have fewer protections as consumer accounts against online theft. Clark Howard has two useful tips in his show notes. Here is how he describes the risk that small businesses face:
If you're a small business owner, your bank does everything it can to encourage you to do business banking electronically. But, if a hacker somehow breaks into your online account and there are great losses, the bank essentially says "tough."
Ken Tumin5,442 posts since Nov 29, 2009 Rep Points: 123,754