Spencer, NY (Oct. 6, 2021)—As Americans continue to venture online in greater numbers, Tioga State Bank and the Independent Community Bankers of America (ICBA) are offering practical tips during Cybersecurity Awareness Month to help safeguard sensitive data and mitigate losses in the event of a data breach or compromise.
Educating customers about account safety and cyber threats is something we must all be mindful about, particularly as criminals look for cracks in cybersecurity defenses to prey on unsuspecting victims. As financial stewards of our customers’ data, we’re take great care to protect customers’ sensitive data and want to do our part to help strengthen our cybersecurity ecosystem by equipping Americans with the know how to shield themselves against a cyberattack or breach.
An estimated 67 percent of data breaches resulted from credential theft, human error or social attacks. Tioga State Bank and ICBA encourage consumers to take the following proactive measures to reduce the likelihood of becoming a victim of identity theft and fraud:
- Enable the strongest multi factor authentication offered by your bank. Popular authentication methods include biometrics and separate authenticator apps.
- Use unique passphrases as passwords and differentiate them across multiple platforms. Length trumps complexity. A strong passphrase is a sentence that is at least 12 characters long.
- Do a system check. Purge unused apps and outdated or sensitive information stored in old files and emails and ensure all software on internet-connected devices is current.
- Manage social media settings and minimize information sharing. Just a few data points can create a pathway for exploitation by cybercriminals.
- Use Wi-Fi judiciously: Limit the type of business conducted over public Wi-Fi connections, including logging in to key accounts like banking.
Consumers can also make sure their account has not been compromised by taking the following steps to:
- Monitor account activity regularly for transaction irregularities and report discrepancies to your bank.
- Back up intellectual property and other digital information and store it safely so in the unfortunate event of a ransomware or other cyber threats you can retrieve the data.
- Read the fine print when purchasing items online. Do not save credit and debit card credentials on a merchant’s website or app, if prompted.
- Stay vigilant. Be mindful when shopping online and look for signs of illegitimate websites. Spelling or grammatical errors, missing contact information, and suspicious URLs or email addresses are all red flags.
- Look for special indicators such as web addresses with https:// that denote extra measures taken to help secure your information. URLS that end in .BANK are assigned for exclusive use by financial institutions.
Learn more about how to protect your digital life during Cybersecurity Awareness Month by visiting www.staysafeonline.org and spreading the word on social media with the hashtag #BeCyberSmart.
About ICBA
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.