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SECURITY CORNER

Fraudulent Emails – Tax Returns

2/6/15

Tax season is upon us once again.  This time of year we see a large increase in the number of fraudulent emails purporting to be from the IRS.  Many times the email will claim that there is a problem with your tax return and “click here” for more details.  DO NOT CLICK ON ANY LINKS OR OPEN ATTACHMENTS.  The IRS will never email you requesting information. 

Report and forward all unsolicited email claiming to be from the IRS to phishing@irs.gov.  Any email that claims to be from the IRS that contains a request for personal information, refers to taxes, inheritance, etc. should be deleted after forwarding to the IRS. 

Visit http://www.irs.gov/uac/Report-Phishing for more information about what to do if you receive an unsolicited email, phone call or any correspondence from the IRS. 

 

Europay Mastercard Visa (EMV) or Chip Card

2/6/15

In the wake of numerous large-scale data breaches and increasing rates of counterfeit debit/credit card fraud, U.S. card issuers are migrating to a new technology to improve security and to make it more difficult for fraudsters to successfully counterfeit cards.

What is EMV?

It's that small, metallic square you'll see on new cards. That's a computer chip, and it's what sets apart the new generation of cards. Unlike magnetic-stripe cards, every time an EMV card is used for payment, the card chip creates a unique transaction code that cannot be used again.

You are going to do what is called 'card dipping', which means inserting the card into a terminal slot. The card must remain dipped for the length of the transaction.  When an EMV card is dipped, data flows between the card chip and the issuing financial     institution to verify the card's legitimacy and create the unique transaction data.

 

Passwords

2/6/15

Many of us have been trained to create short, complex passwords since they are not as easy to guess.  Recent studies show that this is no longer the case.

It is better to have a longer, less complex password than it is to have a shorter complex one.

Also, every site or system that you log into should be unique in its password.  And while this may sound super difficult, it can actually be very simple.

Think of a password pattern that you would use for every password that you have and stick to that pattern.

Use a combination of numbers, caps and letters, possibly special characters in the password and include part of the website name in the PW.  Keep the numbers and or special characters in the same place in the password.  And you are set.

Examples:      

postoakbank.com            Password:  MyP0@st0ak1

Login.yahoo.com             Password:  MyLy@h00ml1

Acceptable risk is the name of the password game.

 

Stay tuned for more tips and tricks to protect against fraud.

 

 

 

 
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