From the course: QuickBooks Online: Best Practices to Unlock Business Growth
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Protect yourself from fraud - QuickBooks Online Tutorial
From the course: QuickBooks Online: Best Practices to Unlock Business Growth
Protect yourself from fraud
Being a victim of fraud is dreadful. Business owners feel violated and lose sleep when it happens. Dealing with the aftermath of fraud is a huge time drain. Fortunately, protecting yourself is easier than you think. After this lesson, you'll be able to take a few simple steps that will protect you from most fraud. First, to limit theft from the outside. Start by making sure everyone on your team has their own password to all the software, including emails, payroll, QuickBooks and bank accounts. Never share passwords. Next, use multi-factor authentication. What is multi-factor authentication and how does it work? Multi-factor Authenticatation verifies your identity by using two of three factors. For bank accounts, you might have a username and password. Then you need to enter a code you received by text or over the phone. If your username or password gets into the wrong hands, texts to your phone eliminate the ability for anyone to get into your bank account. One common trick is to…
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