Fraud protection is everyone's job.
Cybersecurity and Fraud
Why We All Need To Take Cybersecurity Seriously
At EagleBank, we take cybersecurity very seriously. It demands a lot of our time and effort to ensure our systems, your information – and your dollars – are protected. We work proactively to understand and manage the cyber threats and risks we face on a day-to-day basis. Many believe that it’s not a case of “if” you will get hacked or scammed, but “when,” so we also understand the need to be prepared for the worst; and so should you!
One major threat involves cyber criminals who focus their efforts on targeting security weaknesses in personal and business banking information systems and processes. For example, we continue to see phishing campaigns aimed at taking over customer email accounts. The latest scam, known as “Business Email Compromise,” involves bogus email requests and altered instructions for wiring money to fraudulent bank accounts, sometimes overseas and often, the funds are never recovered. The simple message is not to trust email instructions alone, particularly for financial transactions; always check and verify the instructions via an alternative method such as a phone call to a number on file, text, or even a face-to-face discussion with the sender. More details on what you can do are available by downloading our “Cybersecurity Tips: Business Email Compromise” brochure below.
We are always willing to work with our customers to review the proper and safe use of online and/or traditional banking services, but it is critical that we all work together to improve security, protect information, and help reduce cyber crime, fraud and financial losses. We strongly encourage you to take cybersecurity as seriously as we do; we are all truly in this together. Please visit this page often and use the information available here to learn more about cyber threats, risks, and fraudulent methods that put your information, money and identity at risk. At the very least, follow and know the security basics so we can help each other to stay protected from cyber criminals and fraudsters.
Please find below some convenient tips to keep you and your business safe:
- 5 Ways to be Cyber Secure at Work
- Scams and Safety
- Common Internet Scams
- Creating a Password
- Social Media Cybersecurity
- And more!
Below are additional resources for you to review.
Cybersecurity Tips - Business Email Compromise
ExecuBank Risk Control Options
FFIEC Business Account Guidance - Risk Assessment & Layered Security
FFIEC Consumer Guidance - Account Authentication & Online Banking
How We Protect Your Information
FDIC Memo on Cybersecurity: Avoiding Scams and Scammers
Recording: EagleBank hosted webinar on Ransomware
Recording: EagleBank hosted webinar on Business Email Compromise
We urge you to remain vigilant to scams.
FBI Advisory: New Phishing Scheme (as of April 14, 2022)
SBA Programs - Scams and Fraud Alert
The Federal Bureau of Investigation (FBI) has released the internet crime data for 2021. Read its annual report here:
Crime type data by victim and subject count, loss and age group by state:
EagleBank can help you navigate the process if you have been the victim of fraud:
Click here for actions to take for personal accounts
Click here for actions to take for business accounts
Need more information? Please call us at 301.986.1800 or email us at ContactMe@EagleBankCorp.com. We will be glad to answer your questions.
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