Dollars and Sense | Cybersecurity Threats

October 18, 2019 posted by

Let’s talk about Dollars and Sense. You
know banks and financial institutions need to be vigilant all the time. Hackers
are always trying to break through the latest high-tech security systems.
Hundreds of millions of dollars are spent upgrading security, but what about
you? How hip are you when it comes to giving up sensitive financial
information for yourself, your family, maybe your business. Well we’ve got First
Banks Senior Vice President and Chief Information Security Officer, Marc
Ashworth and he joins me to discuss some things that you need to do first before
you leave the house even today, perhaps. We were talking about phishing being a
big problem right now and also malware, people trying to get into your computer.
Talk about some of the biggest challenges that you see. Sure, thank you
for having me here this morning. So one of the big things right now is with
phishing emails and targeted attacks towards companies and even people in
general and they really try to put a sense of urgency to their emails, to get
you to click on those links and when they do what happens is it downloads a
payload and it causes malware to get onto your system. Some of these malware’s
are quite destructive. It’s called ransomware and it actually
encrypts all your data and then they hold you for ransom usually for Bitcoin,
in order to get that back but there’s no guarantee that you’ll get it back even
if you pay the ransom and if you do pay the ransom you still have to clean up
your machine afterwards. So just because you pay it doesn’t mean you’re done
because they might leave more tools on their systems and on your system in
order to get back into your system. I know at First Bank or any bank for that
matter one important thing that I learned is that somebody from a bank or
financial institution will not call you and ask you to verify or update
personal information, or send a text, or an email with that personal information,
it’s just not done that way. That’s correct, First Bank will not call
you, most financial institutions will not call, or email, or text
you, so if you get something from it is a scam and don’t click on those links.
Don’t return the text because they could compromise your phone just by simply
clicking on that link from that text message, so it doesn’t take very long for
to do it and can happen without you knowing it. There’s so many ways they can
you do it you should never write your PIN number I know like that for example
on a debit card, correct, or you know because somebody can steal it that way
or skimming. Skimming is another issue. How often should you check your bank
account for suspicious activity or is that done by the bank? The banks do keep
a close eye on your your accounts, but you should always yourself keep a close
eye on your accounts and make sure that what’s happening is truly the
deposits and the transactions that you’re doing. For skimming, it’s very easy.
A lot of times those skimming devices, if you go up to a pump or ATM, you can
wiggle it and if it pops off then you know there’s a skimming device. There are
some that’s more tricky where it’s actually within there everywhere which
you cannot really detect. You can also look on your Bluetooth on your phone and
see if there’s any odd Bluetooth connections and that will also keep you knowing that there’s a skimmer that’s nearby. I heard people can
even skim your purse or your wallet so you’re supposed to put a piece of you
know maybe foil in there or something, or maybe get one of these credit card
protectors. I know they’re always thinking of new ways. The banks are aware
of it, that’s why they have to constantly spend money on protection. Thanks so much
for coming in. Thank you very much. Some good advice from First Bank.

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