Tag Archives: security

Protecting Yourself While Shopping Online this Holiday Season

As the holidays roll up, buying items online increases exponentially. Unfortunately, cyber attacks and identity theft also increases with that number. That’s why the professionals at Raccoon Valley Bank have come up with some helpful tips and tricks to stay safe when shopping online this holiday season!

Don’t Use Unknown Wireless Networks

If you are in a coffee shop or airport and a network pops up for you to connect to, your chance of being hacked skyrockets. When the network you are on is not protected, hackers have a chance to get into your phone and locate passwords, account information, and more. Even though you want to check your email or see if there is a good deal somewhere, try to resist in order to protect yourself.

Use Different Passwords

Yes, it is hard to use a different password for each site when you are connected to 50 or 100 sites. However, if a hacker gets ahold of one password, they can instantly use that password with your email to log into all other sites that have the same one.

Don’t Store Credit Card Info On Sites

When online sites have you enter your credit or debit card information, many of them give you an option to save your card information. They say it’s secure and most of the time it is, but hackers are still able to get into their account and find your information. Even though it’s a little more work to type your information in each time, it’s more work to deal with getting your money back after someone has stolen your information and used it.

Avoid Clicking Links

When shopping online, there are millions of links connected to products or telling you they will bring you to the product you are looking for. These are easy ways for hackers to bring you to a site they created to give you malware. If you are on a trusted site, you can click the links there because they will only bring you to other places within their own site.

Shop Secure Sites

As mentioned above, it is okay to trust links within a secure site. However, if you are online searching for a certain gift to give someone and find a list that links to different sites, do not trust those sites. Search online about which sites are to be trusted before you go to them and give them your credit card information.

These tips will aid you in being a security savvy shopper when the holidays begin to hit. If you have any questions or concerns about your account, be sure to contact Raccoon Valley Bank. Our team of professionals is here to help if a problem of stolen information does arise!

True or False: Catch Me if You Can

Check Fraud

Starting in 1963, Frank Abagnale began his criminal career. Made famous from the film, Catch Me if You Can, this mastermind of forgery made a name for himself at a young age by impersonating pilots, lawyers, and doctors. Throughout these impersonations, Frank found new and inventive ways to defraud the United States and at least eight other countries. When he was  captured at age 21, he had defrauded multiple nations upwards of $1.3 million dollars. After serving five years of his twelve year federal sentencing, he agreed to work with the FBI to help investigate and proactively protect the United States from further check fraud.

 

As Frank’s history with the FBI began to grow, he started to share the distinctive patterns and signatures behind the best of check fraud criminals. See if you can determine which of these check fraud facts are true and which are just cinematic magic:

 

True or False? Big corporations such as Pan Am had a much higher risk of check fraud than small mom and pop shops.

 

FALSE:  Although Pan Am was depicted as the start of Frank’s larger check fraud scheme, large scale business models face less risk than most small businesses. Did you know one in four businesses have fell victim to fraud? While larger companies have internal security and protective insurances for such instances, most local businesses rely on their employees and their customers to ensure an honest and accurate transaction.

 

True or False? Paper check forgery still is prominent today.

 

TRUE: With small businesses as the largest targets, paper check fraud is still a relevant issue, even today. Often times, the culprit can be employees who write a business check to themselves. Other instances can be a vendor who is able to alter the ink on the check to reflect an amount that they would prefer. While there are many additional cyber fraud crimes possible today, the threat of a paper check fraud is still imminent.

 

True or False? This movie largely encourages check fraud and teaches criminals how to hone their craft.

 

FALSE: While this movie does display many techniques in producing fraudulent checks, the premier intention of the film is to educate both banks and businesses in what to look for concerning false checks. There are many simple markers and signs that a check may be a fake, and while the storyline depicts the various lifestyle choices of a criminal, it reveals in the end, that Frank Abagnale began to help the FBI identify these markers to prevent future check fraud.

 

What to look for in fraudulent checks straight from Frank Abagnale:

 

  • Keep any checks, deposit slips, or check re-orders under lock and key in a secure location. Many times those close to your business are the culprits in a check fraud crime.
  • Use Remote Deposit Capture from Raccoon Valley Bank. This service ensures that the check is treated just like a debit. If there are no funds in this account or it represents a false account, you will know as soon as the transaction completes.
  • When receiving a check in a transaction, scan the check to make sure it has a perforated edge, marking where it was torn from the checkbook.
  • Never cash a check you are unsure of. If something does not seem right, it is always safer to ask for further identity verification, or simply deny their request to cash the check.

If you’re curious how to keep your small business secure against check fraud, come by Raccoon Valley Bank today and speak with one of our local commercial lenders.

The Most Common Phishing Scams and How to Avoid Them

Scams

The Most Common Phishing Scams

Phishing is a common term for the unfortunate schemes hackers and online criminals use to lure users into giving their personal information. Typically disguised as familiar online activity, these scam artists have cleverly found several distinctive ways to attempt to trick YOU into handing over your private details. Be on the lookout for these common phishing scams next time you’re roaming the web!

 

  1.   Foreign Lottery Scam

With this tactic you generally receive an email informing you that you have just won the lottery of some far-away land! To obtain these exorbitant funds you simply have to send a small fee to cover the transfer cost. A simple online search will show that this thrilling lottery is no more than phony website with a long distance phone number. Typically if the sending address doesn’t look familiar, or if you have not applied to any foreign lotteries, it will be a dead giveaway that this email is just an attempt to get your information and your money.

 

  1.   Survey Scam

Do you like supporting the humane society or other animal organizations? This scam takes advantage of your online history and sends you a survey to submit your opinion on issues that matter to you. Instead of using your responses on animal treatment, this system discovers your email address, and other relative personal information, to hack your account and send out further spam emails.

 

  1.   Online Banking Scam

Most phishing schemes disguise themselves as something familiar, often as PayPal or even your personal bank. This particular scam typically indicates that some type of immediate action is needed, and your financial account is at risk. Before sending any type of reply communication, check the source of the email, and call your personal contact at the organization to see if the email is legitimate. If you question the validity of any portion of the email, delete it and call the company this con artist is attempting to masquerade as ASAP.

 

  1.   Clickbait

Social media has a hacking arena all its own. With links scattered across newsfeeds, it’s often hard to determine what is genuine and what is clickbait. Clickbait is a link generated using common controversial issues to get you to click on it. Once clicked, the link may switch to a Facebook login, where you login again. Unfortunately this false login page is a common maneuver by cyber criminals to get your social media login. Having this information, online criminals can now access your account and spam the people you are connected with.

 

If you think you’ve been a victim of an online phishing scam and your personal banking information has been compromised, call Raccoon Valley Bank. We’ll help you watch for signs of identity theft within your personal bank accounts.