Category: Security

Tips for Cyber-Security When it comes to Your Mobile Device

Odds are, you’re probably reading this blog post on your cell phone, which you found through an app on your smartphone and then used it to get directions to First Security State Bank. Seventy-seven percent of Americans now own a smartphone and use it on a daily basis. With so many people accessing, searching and downloading things on their cell phones, are we really using the same caution and protection we would use when it comes to our computers? Odds also are, you’re not. With a few tips, you can start better protecting your smartphone from things like data theft, malware and privacy invasion.

Needed Protection: You may be wondering what exactly needs to be protected when it comes to your smart phone. Luckily, they can be broken down into three categories.

  1. Device Protection – In case your phone was ever stolen, this kind of protection would wipe all information and data from your phone, which is beneficial if you utilize mobile or online banking.
  2. Data Protection – This protection was designed to keep work information from place of employment from being spread to your personal apps.
  3. App-Management Security – Having login information, credit card information and other personal information within apps should be protected from falling into the wrong hands. App-management security does just that.

Trusted Apps: Not all apps are created equal. Since it’s becoming increasingly easier for third-parties to create apps this means there are more apps out there than there’s ever been. One way to help protect yourself is to only download apps from the trusted app store. You should also review existing apps’ privacy policies and settings for permissions.

Public Wi-Fi: One thing you should know is public Wi-Fi is generally not secure. Hackers can get in-between you and the Wi-Fi connection point and when you’re submitting information on your phone you’re actually sending it to the hacker. It’s recommended to protect yourself using a VPN, which encrypts your data, essentially scrambling the information.

Jailbreaking Phones: While it may seem like the cool thing to do to format your phone without the factory standards, you’re actually setting your phone for several security risks. One of those risks is Malware and loss of personal information.

We hope these tips can better protect you and your smartphone. There are several companies that can protect your mobile devices, including Norton Mobile Security and McAfee Mobile Security. If you have any questions or concerns about you protecting yourself, we encourage you to contact us. Our team would love to assist you.

 

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 Panam had a much higher risk of check fraud than small mom and pop shops.

FALSE:  Although Panam 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 First Security State Bank.
  • 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 First Security State Bank today and speak with one of our local commercial lenders.