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Information Security Awareness

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02 Mar

Posted at 16:47h in Information Security Awareness, Security Tips

ACH vs. Wire Transfers: Differences & Best Practices In today's digital financial landscape, choosing the right payment method can significantly impact personal and business transactions. Two of the most common transfer methods are ACH (Automated Clearing House) transfers and wire transfers. While both serve to move money electronically, their differences in cost, speed, and functionality make them suitable for different situations. Whether managing payroll, paying bills, or sending money overseas, understanding the nuances between ACH vs. wire transfers can help you choose the most efficient and secure method for your needs. What is an ACH Transfer? An ACH transfer is an electronic payment method...

02 Mar

Posted at 16:21h in Information Security Awareness, Security Tips

Impersonation Fraud: A Common Form of Social Engineering Introduction to Impersonation in Social Engineering At Sunwest Bank, safeguarding against cyber threats is a cornerstone of our operations because we know that even the most fortified systems and knowledgeable individuals have vulnerabilities. Among these, the human factor is often the most susceptible to exploitation. Impersonation, a significant aspect of social engineering, involves malicious actors who manipulate human trust to gain unauthorized access to sensitive information, commit fraud, or steal identities. The Nature of Impersonation Attacks Unlike other social engineering strategies that utilize remote tactics like phishing emails or deceitful phone calls, impersonation attacks occur...

02 Mar

Posted at 16:18h in Information Security Awareness, Security Tips

ACH fraud is the theft of funds through the Automated Clearing House financial transaction network. The ACH network acts as the central clearing facility for all Electronic Fund Transfer (EFT) transactions in the United States, representing a crucial link in the national banking system. Payments linger in the ACH network awaiting clearance for their final banking destination....

02 Mar

Posted at 16:05h in Information Security Awareness, Security Tips

**We are not tax professionals and any tax advice should be directed to your personal tax expert** Security Tips for Taxpayers: Protect Yourself During Tax Season Tax season involves preparing and filing your tax return and heightened identity theft and fraud risks. Cybercriminals target individuals and businesses alike, hoping to gain access to personal or financial information to exploit for monetary gain. Sunwest Bank is dedicated to keeping you informed and secure, providing expert guidance on safeguarding sensitive data. In this comprehensive guide, we’ll walk you through essential tips for taxpayers, answer key questions, and offer Sunwest-specific strategies to protect yourself from tax-related...

02 Mar

Posted at 16:01h in Information Security Awareness, Security Tips

Protect Your Business: A Comprehensive Guide to Tech Support Scams Cybersecurity threats are an ever-present concern for businesses of all sizes as technology continues to advance and evolve. While you might be aware of the risks of viruses and malware, tech scams represent a more insidious threat that preys on trust, confusion, and urgency. Sunwest Bank is committed to equipping you with the knowledge to protect your business and employees from these scams. With our expertise in cybersecurity and proactive solutions, we ensure you stay one step ahead of scammers. How Tech Support Scams Work Tech support scams are constantly evolving to exploit users'...

02 Mar

Posted at 15:44h in Information Security Awareness, Security Tips

How to Identify & Prevent Social Engineering Attacks Cybersecurity threats come in many forms, but none are more insidious than social engineering attacks. These attacks exploit human psychology rather than technical vulnerabilities, bypassing even the most advanced security systems. At Sunwest Bank, we understand that protecting sensitive information requires more than firewalls and encryption; it requires educating people—the true frontline of defense. We aim to empower you with the knowledge and tools to recognize, resist, and protect against social engineering tactics targeting businesses and individuals. What is Social Engineering? Social engineering is a manipulation technique cybercriminals use to gain access to sensitive information...

02 Mar

Posted at 15:29h in Information Security Awareness, Security Tips

It's a dangerous world out there in cyberspace.  Security threats are escalating every year and have become more malicious with cybercriminals entering the scene stealing financial and personal information. Cell phones and automobiles are becoming more computerized, and hackers have an even wider selection of devices to infect with malicious threats. With so many pluggable devices available coming on the market, new areas of exposure are created. Here's a quick look at some of today's most common computer security threats: Malware. Exploits and malware are increasing through vectors ranging from social networks to mobile devices to employees themselves. As computer and operating system security...

02 Mar

Posted at 15:01h in Information Security Awareness, Security Tips

ATM machines can be found just about anywhere today –  from shopping malls to flea markets. They’re a great convenience, but ATMs located in low-traffic, dimly lit locations can compromise your safety. A thief looking for quick cash and easy prey prefers to stake out ATMs in remote locations. Planning ahead and using common sense can help ensure your next visit to the ATM is uneventful. Here are some tips to help you avoid becoming a victim: Location: Choose an ATM in a safe location that has plenty of foot traffic and is well-lit. Avoid cash machines near shrubbery or corners...