Due to many banks having more sophisticated IT security systems, criminals are turning away from tightly secured bank computers and are instead looking toward the potentially weaker computer systems of bank clients. More and more attacks are also being committed against small and medium-sized businesses. Some of the most common approaches for criminals to compromise end-user data are to take advantage of users visiting unsecured networks or compromised websites, not having up-to-date virus protection and security patches, or opening attachments with embedded malware or Trojan software.
Guaranty Bank has the expectation that each customer will take any and all reasonable precautions to reduce the likelihood of computer-related fraud. There is not one best approach for online security, but we would like to offer several recommendations:
Links to additional security suggestions can be found on the Client Protection page of this website.
Billions of dollars are lost to business fraud each year, with smaller businesses tending to suffer disproportionately larger losses. Many of the aforementioned security best practices can also be applied to your business to reduce the risk of fraud. It also is suggested that your business conduct a risk assessment and identify controls and safeguards that can be implemented to minimize fraud, which may include the protections listed below:
NACHA
Go to Corporate Account Takeovers Can Lead to Fraudulent Transactions | Nacha for more information.
OnGuard Online
Go to OnGuardOnline | FTC Consumer Information for more information.
Stay Safe Online
Go to National Cyber Security Alliance: Homepage (staysafeonline.org) for more information.
Internet Crime Complaint Center
Go to Internet Crime Complaint Center(IC3) | Home Page for more information.
FTC Start with Security : A Guide for Business
Go to Start with Security: A Guide for Business | Federal Trade Commission (ftc.gov) for more information.