Companies should insure themselves against intrusion of their online banking
The hackers become more skillful day by day. In more and more instances, they succeed at stealing money from company accounts.
All accounts belonging to individuals are normally covered by the indemnification of the bank. This means that individuals normally don’t incur losses if they experience online banking intrusion.
Accounts belonging to a company, on the other hand, are generally not covered by the indemnification of the bank. Therefore, the companies will usually incur losses if a hacker manages to steal money from a company account.
Your company should consider getting an insurance against intrusion of your online banking if the company itself is accountable for theft from accessible bank accounts.
This applies whether you have a positive balance on your accounts, or an overdraft facility and a debt. Money can be withdrawn to the maximum level.