“Your account appears to have an unauthorized transaction. To ensure that your account is not compromised, please click the link below and confirm your identity.”
Sound familiar? That message is from a recent phishing attempt I received via email. In the act of phishing, Internet fraudsters send spam or pop-up messages in hopes of gaining access to your personal information (credit card numbers, bank account information, Social Security numbers, passwords, or other sensitive information). The email looks official and raises concern and may even threaten dire consequences if you do not respond. They include a link to a website that looks official, but isn’t, and captures any personal information you enter so they may steal your identity. [read more]
Employee education is one of the strongest tools in our arsenal to fight cybercrime. NACHA, the Electronic Payments Association, suggests that one simple question can make the difference between an infected network and a protected one. Teaching our employees to always ask, “Does this email make sense?” before responding to it, opening an attachment, or clicking on a link, can make all the difference. [read more]
It’s easy to understand why ministries believe they are less likely to become a victim of a financial crime. This is because of the great trust they have for their staff. And while that trust may have been earned or even warranted because of their common Christian bond, internal controls are still necessary. Proper controls don’t say “We don’t trust you.” Instead, they say, “We want to protect you.” Not only do they remove the opportunity for any misappropriation of funds, they also catch errors and protect staff from innuendo and false accusation if a loss is incurred. [read more]
Most everyone knows that an ounce of prevention is worth a pound of cure. This adage is certainly true when combating banking fraud. Prevention is especially important when dealing with a type of fraud known as “corporate account takeover.” Ignore prevention and your ministry could end up dealing with financial loss, negative publicity, and recovery efforts that divert time from kingdom work. [read more]
We live in an acronym-loving world. Nobody ever just laughs anymore, we LOL. And if you need something in a hurry, it’s ASAP. We bankers are no exception; we love a good acronym as much as the next person.
So, what I have to say is important, but it requires a bit of an acronym-tutorial for you to follow. Consider this your official cheat sheet: [read more]