Posts in Category: Cyber

Blog Post List

Ransomware attacks are becoming more prolific 

Oct, 2020 Categories: Cyber SafeAlert

Today's ransomware attacks are rendering businesses inoperable, significantly eroding public confidence, and costing businesses millions to remediate. They create havoc by infiltrating entire operating systems; deleting on-site backups; and exfiltrating sensitive data, with threat actors threatening to publish confidential information if their demands are not met. Continue reading to learn more about dealing with today's ransomware attacks.

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Be vigilant against rapidly evolving fraud schemes 

FBI notes actual fraud-related claims in Senate Judiciary Committee Testimony
Jun, 2020 Categories: Cyber Pandemic ProTip SafeAlert

The FBI gave testimony to the Senate Judiciary Committee on the uptick of COVID-19 related fraudulent schemes. Among recent claims noted were those involving banks and their customers, PPP loans and funds, and advanced fee and business email compromise schemes. Encourage employees and customers to remain vigilant and aware of these increasing scams.

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Workforce Working Remotely? Cybersecurity Tips to Help Protect Your Organization 

Mar, 2020 Categories: Cyber Pandemic SafeAlert

Hackers are using the coronavirus (COVID-19) pandemic as an opportunity to steal or ransom data by luring users into clicking on malicious links in emails or social media posts about the virus, or in communications appearing to be from the “home office” while employees are working from home. With the surge in remote work increasing the cyber risk to organizations, as strictly online communication makes it easier for cyber criminals to initiate social engineering schemes, here are some tips to help protect your organization:

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Employee education, multi-factor authentication are important defenses against online crime 

Nov, 2019 Categories: Cyber SafeAlert

A PIN bulletin issued by the FBI reports cyber criminals are attempting to use social engineering and other schemes to bypass the multi-factor authentication security protocols commonly used by banks and other businesses. As "multi-factor authentication continues to be a strong and effective security measure,” a most important step to fortify defenses is to educate employees about the pervasive problem of online crime.

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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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Court rules in bank’s favor in an account takeover case. 

What does this mean to you?

In a relatively high profile court case, an appellate court ruled in favor of the defendant/bank rather than the plaintiff (the bank’s customer) in a dispute over an account takeover claim and reversed a lower court opinion, ruling that the bank may seek attorney’s fees from the plaintiff. In many respects, the decision handed down will be a significant influence on future court cases and also on security/verification procedures a bank mandates or places on accounts regarding account transfer requests.

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