Posts in Category: Best Practices

Blog Post List

Top 10 best practices to implement to avoid wire transfer fraud at your bank 

Wire Fraud involving bank customers is exploding! Insurance carriers expect banks to exercise a minimum level of due care to prevent any crime, including wire fraud crime. Front line personnel are in the best position to both spot and prevent wire fraud; therefore, it is critical that banks undertake these best practices.

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Prevent the ransomware epidemic from infecting your organization 

by Heather Wyson-Constantine, Vice President of Payments and Cybersecurity, American Bankers Association

By now, you’ve mostly likely heard the news: ransomware is here and it’s a problem. The impact can be devastating. Imagine not being able to access your email, customer information or vital records for days or even weeks. Victims not only face monetary losses associated with the ransom and loss of business during the downtime, but also the additional forensics costs, the loss of employee productivity and, most importantly, customer trust.

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SafeAlert: Phishing Schemes Show No Signs of Slowing 

Many electronic crimes begin with phishing emails used to induce individuals to divulge private information or to click on a malicious link that downloads malware onto a computer network. Often these emails are highly targeted and appear legitimate to even the most skeptical recipients. An effective cybersecurity strategy is critical to combat electronic crime.

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Community Banking and Marijuana Decriminalization 

by Terence Cawley, Liability Claims Manager, ABA Insurance Services

Substantial sales are being generated in states that have allowed legalized marijuana sales and passed decriminalization measures. Marijuana-related businesses (“MRB’s”) in these states need to receive suitable banking services. While a number of banks are willing to establish banking relationships, many are unwilling to do so, preferring to let the dust settle. What do banks need to understand before establishing MRB relationships?

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Cyber Insurance Webinar: What is your bank doing to manage risk? 

Replay of cyber risk management webinar

Cyber risk management webinar for banks and their agents: What are the latest and common online, email, or social media scams out there that your employees or customers may fall for, and what can you and they do to avoid becoming another victim?

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