Information Security Awareness Archives - Sunwest Bank
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Information Security Awareness

In today's digital economy, many people prefer to receive employment compensation through direct deposit. They also find it more convenient to pay bills and send money electronically rather than using checks. This form of electronic fund transfer is called an automated clearing house (ACH) transaction. Another form of electronic fund transfer is the wire transfer. Although the end result is the same, there are differences between the two, mainly in the cost and time of delivery....

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....

It seems like every time we turn around; we hear of another data breach where confidential information has been stolen. Cybercriminals actively pursue organizations that store personally identifiable information (PII) in an effort to gain unauthorized access to it. They can either use the stolen PII for personal gain, such as filing a fraudulent income tax return under another person’s name, or they can sell it to another crook on the Dark Web....

In a recent twist, scam artists are using the phone to try to break into your computer. They call, claiming to be computer techs associated with well-known companies like Microsoft. They say that they’ve detected viruses or other malware on your computer to trick you into giving them remote access or paying for software you don’t need....