Archive for News

President’s Message

Jerome Bennett - President
Jerome Bennett – President

Congratulations to all the local high school graduates, especially our Natalie Mikrot who among all her sport achievements is also valedictorian of her class! Speaking of high school and sports, congratulations to the Lady Rebel’s softball team for taking us all the way to State playoffs and achieving State runner up!! Wow!

With our temperatures lately, I’m pretty sure I can safely say summer is here!  The nice weather makes us want to get outside and enjoy the outdoors. Our convenient electronic banking options mean more time for fun and less time spent on paying bills, depositing a check or transferring money between your accounts. Just go to our website to register for personal online banking. Once you’re registered, you are ready to use billpay, A2A, P2P, and mobile deposit! If you’d like a little guidance on the whole process, give us a call and we’ll be happy to help get you up and running.

Summer is also the time of year to start getting serious about the projects we’ve been talking about like home improvements, yard work and landscaping.  With the price of homes lately, your home is a pretty good investment! We are here and happy to help with your financing needs! Stop in and chat with one of our lenders or give us a call to start the conversation.  Let’s see what we can get done together.  Doesn’t matter if your plans are big or small, we’ll be happy to partner with you.

Get outside and enjoy yourself. Need a boat or camper? We make loans for those too!

Peace.

Jerome

10 Phishing Warning Signs

stock photo for identity protection

What is phishing? Phishing is a cybercrime in which a target or targets are contacted by email, telephone, or text message by someone posing as a legitimate institution to lure individuals into providing sensitive information such as personal information, banking and credit card details, and passwords (www.phishing.org).

Anybody can be a victim of a scam and noticing the signs can help prevent identity theft and financial loss. Below are 10 red flags to look out for.

1. Sense of Urgency or Threatening Language

Phishers use emotionally manipulative tactics in order to persuade people to click. For example, a phisher might send a text message saying “This is a notice from law enforcement in [your city]. Your immediate response is necessary”. The enclosed link may deliver malware or direct individuals to a phishing site.

2. Unfamiliar Sender or Recipients

Experts generally advise people to avoid opening emails from unknown senders. These messages can contain executable code designed to launch immediately upon clicking on an embedded link or an attachment. After deleting emails from unknown senders, they no longer remain a threat.

3. Spelling and Grammatical Errors

Phishing messages used to commonly contain poor spelling and grammatical errors. Hackers are growing increasingly sophisticated, and are less prone to these types of slip ups than in years past, however, you might still be able to identify a phishing attempt based on clumsy language use.

4. Request for Payment or Personal Details

Any requests for money or personal details are phishing red flags. In many instances, the emails tell a compelling story – they include fake invoices, request a payment, say that you’re eligible for a government refund, ask people to verify information, tell people that a coupon for a big-ticket item is available…etc. They can even appear to come from well-known businesses that do indeed regularly request payment updates or that may occasionally experience issues processing your payment.

5. Compelling Subject Lines

The most-clicked phishing emails include seemingly generic, yet fear-inducing subject lines. Example: Official Data Breach Notification

6. Compelling Call To Action

The top five phishing scams use compelling language and include phrases like ‘expires in 4 hours,’ ‘click now’ and ‘Get information here’.

7. Too Good To Be True

Winning the lottery is an unlikely prospect. And winning a lottery that you didn’t enter is an impossible feat. Similarly, an email containing information about a prize or award notification may also be a phishing email. Avoid clicking on links in order to claim a prize. If you might have actually won a prize, contact the sender through a secondary channel to confirm.

8. Blurry or Clumsy Design Work

Some cyber criminals create clones of legitimate logos that appear exact. But others really need to hire a graphic designer. When trying to spot a phishing email, look out for weird logos, image-only emails, and poor design formatting. If unsure about the legitimacy of the sender, reach out to the group via a different channel.

9. Hi, It’s Alex in Sales

An email from someone who is purportedly new within the organization or that claims to be from “[common first name] in the sales division” might actually be from a cyber adversary using social engineering techniques. The age of remote work makes it particularly challenging to parse apart legitimate emails of these types from malicious doppelgangers. This is especially true in large organizations with thousands of employees.

10. Protective Shield

Humans recognize and relate to one another through consistent linguistic patterns. If you receive an email from a colleague that sounds nowhere-near their typical email tone, use a non-email channel to confirm the validity of the email with the sender. A few simple precautionary measures could prevent your organization from experiencing a major data breach.

Sources:

https://www.cybertalk.org/2022/02/28/14-phishing-red-flags-to-watch-for-in-2022

https://www.phishing.org

3 Ways to Protect Yourself Against Mobile Fraud

3 Ways To Protect Yourself Against Mobile Fraud

With the rise of technology, smart phones and tablets are part of almost everything we do. With all the sensitive information we keep digitally, it is important to be aware of mobile fraud and how to prevent hackers from accessing that data. Below are three ways to help protect yourself and your information.

1. Don’t use the same password for all accounts.

password drawn in chalk

In 2019, Google identified that 65% of all people use the same password for multiple or all accounts. By having one password, it makes it easier for hackers to access more of your accounts.

TIP: create an acronym or a phrase and use numbers and special characters to complicate it. For example, instead of using “password” you could use “P@s$w0rD”.

2. Avoid autosaving personal information on mobile apps.

computer with security lock overlay

If a company data is leaked, your saved password could be part of that information. If an unauthorized user has access to your physical device, they can easily find all the saved passwords kept in the browser.

TIP: Keep passwords secure in a book or use a secure password manager.

3. Monitor activity regularly, like reviewing bank transactions.

woman working at a desk

By using online banking or the Moose Mobile app, you have access to real-time transactions. Check your account regularly to ensure you recognize all the transactions coming through.

At First National Bank of Moose Lake, we offer IDTheftSmart for our customers, which is a program that incorporates Credit Monitoring and Restoration of an Identity Theft situation. For more information, contact one of our Personal Bankers at 218-485-4441.

Source: The password reuse problem is a ticking time bomb – Help Net Security

Bill Pay: What’s New

Bill Pay will be upgrading along side our digital banking, which includes online and mobile access. Bill Pay allows your bills to be in one spot. You can create reoccurring payments, see billing statements online, and so much more. If you are a current Bill Pay user, one year of history and your current payees will transfer over. Contact us at 218-485-4441 with any questions.

Bill Pay Ad
Bill Pay explanation: Select, Submit, Sit Back

#NewsdayFNB

New Mobile Feature: Mobile Deposit

No more rushing to the bank after work to deposit your checks. With mobile deposit, checks can be deposited by using a mobile phone. Simply choose the account you would like to deposit the check in, enter the amount, and take a clear picture of both the front and back of the check.

Make sure you endorse the back of the check by writing “For mobile deposit only” and signing your name. There is a daily limit of $2500.00. Please call us at 218-485-4441 with any questions!

Mobile deposit - save a trip to the bank! Deposit a check from wherever you are.

MemberFDIC.

2 New Ways to Transfer Money

We have two new ways to transfer money with our updated online banking: A2A and P2P. To help understand the difference between them, look at the chart below!

To find A2A, click on “Account to Account” in your online banking. For P2P, click “Make a Payment.” Once you get to the bill pay screen, click on “Pay a Person” in the top left hand corner. For more information, feel free to call us at 218-485-4441.

Describing the difference between P2P and A2A transfers

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