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Account Hijacking & Identity Theft
  1. How to recognize it
  2. How to prevent it
Guarding against account hijacking

It is the fastest growing form of identity theft, and it can have the most devastating effect on us. It is called Account Hijacking, and some 2 million people are victimized yearly. Account hijacking occurs when a criminal obtains your personal banking information and uses it to take over your bank accounts. It can take weeks or months to discover. Fortunately, there are steps you can take to protect yourself.

Step 1: Understand the threat

Often, the account hijacker uses one or more methods to obtain your personal data. You should be particularly aware of two:

  1. Hijacking by phishing deceives customers into providing their user names, passwords, and account numbers via deceptive e-mails, fake Web sites, or both. The classic phishing attack involves a deceptive e-mail that purports to be from a legitimate financial institution. The e-mail typically tells the customer that there is some sort of problem with the customer’s account, and instructs the recipient to click on the included hyperlink to ”fix” the problem. In reality, the fake Web site is simply collecting customer user names and passwords in order to hijack accounts.
Quick facts about
account hijacking
  1. An estimated 2 million people are hit with account hijacking each year; most say it was from a phishing email.
  2. Overall account fraud totals more than $2.4 billion annually, $1,200 per victim.
  3. People who monitor their accounts online (rather than just with mailed statements) can detect hijacking earlier. In one report, victims’ losses were one eighth of those who detected the crime via paper statements due to early detection.
  1. Hijacking by spyware works by inserting malicious software, often referred to as “spyware,” on a person’s personal computer. Spyware can be loaded when a user opens a seemingly innocuous e-mail attachment or clicks on a pop-up advertisement. The spyware collects selected information (e.g., user names, passwords, and account numbers) and forwards that information to the fraudster.
Step 2: Fortify your system

Here are some basic safety measures you can implement immediately:

  1. Password protection- If your password is easy for you to remember, the chances are good it is also easy for an Internet hacker to figure out. Experts advise a combination of letters and numbers…and avoiding pet names, your home address, and similar easy-to-crack codes.
  2. Anti-virus software - Your computer’s anti-virus software is like a vaccine—it works at first, but you need to keep it up-to-date to guard against new strains.
  3. Anti-spyware - Anti-programs are readily available, and every computer connected to the Internet should have the software installed…and updated regularly.
  4. “Phishing awareness” - If you receive an unexpected email, or one that you consider suspicious, delete it. Remember: your bank will never email you and ask you to go to another site to “verify information.”
Step 3: Vigilance Pays

Chances are you will never be victimized by account hijacking identity theft. But if you are victimized, early detection is critical.

  1. Check your statements regularly. If something seems irregular, contact your banker to discuss it. A recent study showed that customers who monitor their accounts online discover problems sooner.
  2. Check your credit report at least annually. You are entitled to one free credit report annually from each of the three major credit bureaus. If a hijacker is misusing your credit, clues are likely to show up here. For a free report:

Your bank is taking substantive measures to protect the safety and security of your accounts. By acting today to strengthen security at your end of the Internet highway, hijackers will have an even tougher time. Stop by your bank to learn more.



 iHelp Private Student Loans

There are many ways to pay the cost of college. After considering federal loans, scholarships and grants, you may still have a gap to pay your total college costs. The Roberts County National Bank works with iHELP to provide an attractive private student loan. Applying for an iHELP Loan is easy and takes as little as 15 minutes.

CLICK HERE to learn more and apply.

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Notice Of Expiration of the Temporary Full FDIC Insurance Coverage For Non Interest-Bearing Transaction Accounts

By operation of federal law, beginning January 1, 2013, funds deposited in a non interest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all non interest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. 
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit