Online Banking Security

Your Online Banking Security

Community 1st Bank is serious about keeping your personal information and accounts safe and secure. So, we want you to have the following information about internet banking, the things we do to protect you, and the things that you can do on your own to keep your computer and smartphone safe and your information secure.

Microsoft will cease its support of Windows XP on April 8th, 2014. What does this mean? Microsoft no longer protects Windows XP users with security patches and updates. Security patches and updates are important to deter criminals who frequently find unauthorized access into computers. What do you need to do to protect your computer?

STEPS TO TAKE:

  • Upgrade to Windows 7 or higher and run security updates frequently
  • Purchase and maintain antivirus software

To find more information go to the following link.

http://windows.microsoft.com/en-us/windows/end-support-help


Corporate Account Takeover (CATO)

Corporate Account Takeover (CATO) is a growing form of electronic crime where thieves typically use some form of malware, or malicious software, to obtain login credentials to corporate online banking accounts and fraudulently transfer funds from the accounts. Another means fraudsters commonly employ is phishing, masquerading as a trustworthy entity in an electronic communication or through social engineering to gain access to your sensitive information.


These attacks can result in substantial monetary loss for your company that, often, cannot be recovered. As a bank we do everything we can to keep your money safe. Unfortunately, our security practices can only go so far to protect your account from corporate account takeover. There are some vulnerabilities that can only be addressed from the company side and therefore require that the business implement sound practices with their staff, systems and offices.


The guide below was created to increase our customer's awareness of the potential risks and threats that are associated with Internet and electronic-based banking services, and to provide solutions and tools to help prevent fraud and scams.

Link to CATO Guide


Resources for More Information

Internet Crime Complaint: www.ic3.gov

Consumer Fraud (Department of Justice Homepage): www.usdoj.gov

Federal Trade Commission (FTS) Consumer Response Center: www.ftc.gov

Consumer Guides and Protection: www.usa.gov

Financial Fraud Enforcement Task Force: www.stopfraud.gov

On Guard Online: www.FTC.gov/OnGuardOnline

Link to FDIC online brochure on Tips for Safe Banking Over the Internet

Link to FDIC online video Don't Be an On-line Victim: How to Guard Against Internet Thieves and Electronic Scams

Credit Reporting Bureaus

Equifax

Place a fraud alert: 1-888-766-0008

Order a credit report: 1-800-685-1111

Security Freeze: www.equifax.com/CreditReportAssistance/

P.O. Box 740241

Atlanta, GA 30374

Experian

Place a fraud alert: 1-888-397-3742

Order a credit report: 1-888-397-3742

Security Freeze: www.experian.com/freeze/center.html

475 Anton Blvd.

Costa Mesa, CA 92626

Transunion

Place a fraud alert: 1-800-680-7289

Order a credit report: 1-800-888-4213

Security Freeze: www.transunion.com/personal-credit/credit-disputes/credit-freezes.page

P.O. Box 6790

Fullerton, CA 92834


If you are concerned about becoming a victim of fraud or identity theft, a Security Freeze might be right for you.


Placing a freeze on your credit report will prevent lenders and others from accessing your Credit Reports entirely. With a Security Freeze in place, even you will need to take special steps when you wish to apply for any type of credit.


Due to more stringent security features, you will need to place a Security Freeze separately with each of the three major credit reporting companies if you want the freeze on all of your credit files. A Security Freeze remains on your credit file until you remove it or choose to lift it temporarily when applying for credit or credit-dependent services.


Placing a protective freeze for a child can prevent fraudulent accounts from being opened with your child's identity. If you are the parent/legal guardian of a minor or medically incapacitated consumer and reside in an eligible state, you may have the right to request a Protected Consumer Freeze.


Security Freeze


Need/interest:

  • You want maximum control of your credit
  • You are concerned with becoming a victim of fraud/ID theft
  • You are a victim of fraud/ID theft
  • You won't need to apply for credit in the foreseeable future
  • You are the guardian of a minor or medically incapacitated consumer who won't need to apply for credit in the foreseeable future

Duration:

  • Until you choose to lift whether permanently or temporarily
  • Until the minor becomes an adult
  • Until an authorized request is made to permanently remove the freeze