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02 Mar

Posted at 16:42h in Security Tips, Small Business Security

What to Do If You Are a Victim of Fraud Cybercriminals are targeting the financial accounts of individuals and businesses alike, using increasingly sophisticated methods to commit fraud and scam innocent people and businesses worldwide. For small to medium-sized businesses and individuals, having information stolen or falling victim to a fraudulent transaction or data breach can result in significant disruptions and financial losses. At Sunwest Bank, we prioritize the safety and security of our customers’ accounts. We are dedicated to providing you with the information you need to stay vigilant, identify potential fraud, and know the steps to take if you...

02 Mar

Posted at 16:17h in Security Tips, Small Business Security

Almost daily, identity theft and personal information are reported in the news. When customers offer their bank card at the point of sale, over the Internet, on the phone, or through the mail, they need assurance that their account information is safe. In response to this need, the Payment Card Industry (PCI) Security Standards were developed and must be adopted by any merchant or organization that accepts and stores payment cards, including retail outlets, mail/telephone orders, and online payments. By complying with PCI requirements, merchants and service providers meet their obligations to the Payment Card Industry and build a culture...

02 Mar

Posted at 15:14h in Security Tips, Small Business Security

Cybercriminals are getting more creative by using new techniques to worm their way into the computers (and wallets) of unsuspecting victims. One of the sneakiest methods currently used by cybercriminals is scareware, a tactic which preys upon our fears to make us take action which ultimately ends up compromising our own security....

02 Mar

Posted at 14:32h in Security Tips, Small Business Security

Safeguarding Your Financial Future: Sunwest Bank's Commitment to Protecting Customer Data Customers entrust financial institutions like Sunwest Bank with their most sensitive information, and protecting such information must be a top priority for any brand. Our commitment to customer data protection goes beyond industry standards, incorporating cutting-edge technology and best practices to minimize data breaches and ensure your information remains secure. In this comprehensive guide, we will delve into our strategies for protecting private data, provide insights on safeguarding your information, and explain why Sunwest Bank stands out as a leader in cybersecurity. Understanding the Importance of Customer Data Protection Customer data encompasses...

02 Mar

Posted at 14:16h in Security Tips, Small Business Security

Protect Your Point of Sale (POS) Environment from Cyber Attacks Your point-of-sale (POS) system is the beating heart of your business. It's where every sale rings up and where customer trust is secured with each transaction. But as essential as POS systems are, they also, to the surprise of many business owners, represent a prime target for cybercriminals. With high-profile data breaches making headlines across industries, it’s vital to ask yourself: “How secure is my POS environment, and what steps can I take to protect my business from a point-of-sale cyber-attack?” At Sunwest Bank, we are committed to helping you understand...

02 Mar

Posted at 14:12h in Security Tips, Small Business Security

What would you do if you suddenly noticed that huge chunks of money had been drained from your business account into overseas accounts? Unfortunately, online criminals are using increasingly sophisticated techniques to commit payments fraud against commercial business accounts....

02 Mar

Posted at 13:33h in Security Tips, Small Business Security

Understanding Insider Threats Insider threats represent a significant and growing risk to organizations of all sizes. Unlike external threats, which come from outside the organization in the form of business email compromise fraud, impersonation fraud, and much more, an insider threat originates from within and can be far more challenging to detect and mitigate. These threats can involve sabotage, theft, espionage, fraud, and competitive advantage, all carried out by a current or former employee with authorized access to sensitive information or critical assets. What is an Insider Threat? An insider threat is any risk posed by individuals within the organization who have the...

02 Mar

Posted at 11:04h in Security Tips, Small Business Security

Does your company keep sensitive data — Social Security numbers, credit reports, account numbers, health records, or business secrets? If so, then you’ve probably instituted safeguards to protect that information, whether it’s stored in computers or on paper. That’s not only good business, but may be required by law....

02 Mar

Posted at 10:46h in Security Tips, Small Business Security

According to the FBI’s Internet Crime Complaint Center (IC3), Business Email Compromise (BEC) schemes have caused at least $5.3 billion in total losses over the past three years to approximately 24,000 organizations around the world. The average loss per victim is about $218,000.  Companies of all sizes and types are targeted leaving a long wake of financial and emotional damage....