How to Mitigate the Risks of Cybercrime
How Bridge Bank Protects Your eBanking Account
What to Expect if Your Account is Compromised
Warning: Pirates are trying to steal your personal financial information.
Here's the Good News: YOU have the Power to Stop Them
There's a new type of internet piracy called "phishing." It's pronounced "fishing," and that's exactly what these thieves are doing: "fishing" for your personal financial information. What they want are account numbers, passwords, Social Security numbers, and other confidential information that they can use to loot your checking account or run up bills on your credit cards.
In the worst case, you could find yourself a victim of identity theft. With the sensitive information obtained from a successful phishing scam, these thieves can take out loans or obtain credit cards and even driver's licenses in your name. They can do damage to your financial history and personal reputation that can take years to unravel. But if you understand how phishing works and how to protect yourself, you can help stop this crime.
How Phishing Works:
In a typical case, you'll receive an email that appears to come from a reputable company that you recognize and do business with, such as your financial institution. In some cases, the email may appear to come from a government agency, including one of the federal financial institution regulatory agencies.
The email will probably warn you of a serious problem that requires your immediate attention. It may use phrases, such as "Immediate attention required," or "Please contact us immediately about your account." The email will then encourage you to click on a button to go to the institution's website.
In a phishing scam, you could be redirected to a phony website that may look exactly like the real thing. Sometimes, in fact, it may be the company's actual website. In those cases, a pop-up window will quickly appear for the purpose of harvesting your financial information.
In either case, you may be asked to update your account information or to provide information for verification purposes: your Social Security number, your account number, your password, or the information you use to verify your identity when speaking to a real financial institution, such as your mother's maiden name or your place of birth.
If you provide the requested information, you may find yourself the victim of identity theft.
How to Protect Yourself
Never provide your personal information in response to an unsolicited request, whether it is over the phone or over the internet. Emails and internet pages created by phishers may look exactly like the real thing. They may even have a fake padlock icon that ordinarily is used to denote a secure site. If you did not initiate the communication, you should not provide any information.
If you believe the contact may be legitimate, contact the financial institution yourself. You can find phone numbers and websites on the monthly statements you receive from your financial institution, or you can look the company up in a phone book or on the internet. The key is that you should be the one to initiate the contact, using contact information that you have verified yourself.
Never provide your password over the phone or in response to an unsolicited internet request. A financial institution would never ask you to verify your account information online. Thieves armed with this information and your account number can help themselves to your savings.
Review account statements regularly to ensure all charges are correct. If your account statement is late in arriving, call your financial institution to find out why. If your financial institution offers electronic account access, periodically review activity online to catch suspicious activity.
What to Do if You Fall Victim:
Contact your financial institution immediately and alert it to the situation.
866.BRDGBNK (or 408.423.8500)
55 Almaden Boulevard
San Jose, CA 95113
If you have disclosed sensitive information in a phishing attack, you should also contact one of the three major credit bureaus and discuss whether you need to place a fraud alert on your file, which will help prevent thieves from opening a new account in your name. Here is the contact information for each bureau's fraud division:
P.O. Box 740250
Atlanta, GA 30374
P.O. Box 1017
Allen, TX 75013
P.O. Box 6790
Fullerton, CA 92634
Report all suspicious contacts to the Federal Trade Commission through the internet at www.consumer.gov, or by calling 1-877-IDTHEFT.
You Can Fight Identity Theft... Here's How:
- Never provide personal financial information, including your Social Security number, account numbers or passwords, over the phone or the internet if you did not initiate the contact.
- Never click on the link provided in an email you believe is fraudulent. It may contain a virus that can contaminate your computer.
- Do not be intimidated by an email or caller who suggests dire consequences if you do not immediately provide or verify financial information.
- If you believe the contact is legitimate, go to the company's website by typing in the site address directly or using a page you have previously book marked, instead of a link provided in the email.
- If you fall victim to an attack, act immediately to protect yourself. Alert your financial institution. Place fraud alerts on your credit files. Monitor your credit files and account statements closely.
- Report suspicious emails or calls to the Federal Trade Commission through the internet at www.consumer.gov, or by calling 1-877-IDTHEFT.
Recent NewsBridge Bank Hires Abby Walls as Vice President, Relationship Manager for Corporate Banking in Southern CaliforniaBridge Bank Accelerates into 2017 with $4 Million Financing to BuyerQuestBridge Bank Reaffirms Commitment to Banking Technology and Innovation Companies
Recent InsightsHow startups can help senior citizensThings to know about 'decacorns'Can startups succeed away from Silicon Valley?
Don't miss the #Fintech boat, US administration to focus on industry comptitiveness according to @Nasdaq: bit.ly/2mVvnyZ - about 1 month 6 days ago@Fortune discusses how the VC funding gender gap is actually getting worse: for.tn/2nzP4sW - about 1 month 1 week agoWhat will determine the future of #fintech? According to @TheNextWeb, it’s #AI. Read more: bit.ly/2moerie - about 1 month 1 week agoAccording to @TheEconomist, private equity deals are heating up. Find out why here:econ.st/2m1sSZw - about 1 month 2 weeks agoJoin leading dealmakers for a live webcast on financing emerging growth companies w/ debt ft. Mike Lederman on 3/16 bit.ly/2m3JFKl - about 1 month 2 weeks agoBe sure to check out @Entrepreneur’s list of the top 12 #fintech companies to watch: bit.ly/2lQ4jA0 - about 1 month 3 weeks agoAn Indiana Senate panel has approved the advancement of a bill intended to reduce solar power incentives.bit.ly/2le7QFP - about 1 month 3 weeks agoWhat are the advantages of Regulation A+ venture capital? @Forbes has the answers here: bit.ly/2mctMoK - about 1 month 4 weeks agoAccording to @Nasdaq, renewable resrouces are among the top global trend creating invesment value this year: bit.ly/2kCVhCI - about 2 months 3 days agoCleantech venture capital is on the rise thanks to newfound market confidence. So what does its future look like? bit.ly/2lXvCFQ - about 2 months 4 days agoCEO Dan Myers discusses Bridge Bank growth and our approach to the current market, read more from TechFlash Editor,… twitter.com/i/web/status/8… - about 2 months 5 days agoCheck out the #cleantech startups that VCs have their eye on for 2017: bit.ly/2jYooot - about 2 months 1 week agoWhat does the future of clean energy look like under the Trump administration? @mercnews has the answers: bayareane.ws/2kAyNWF - about 2 months 1 week agoThe startup industry is headed internationally as more startups apply for funding. Read more on @Forbes bit.ly/2kALikZ - about 2 months 2 weeks agoAccording to @Bloomberg, #LifeSciences isn’t just thriving, it’s paving the way for new innovation. Read more: bit.ly/2kpAZOy - about 2 months 2 weeks agoClient @BuyerQuest demonstrates continued growth and innovation as they secure $4 million in financing bit.ly/2kazipW - about 2 months 3 weeks agoThe biotech era is not over yet. @TheStreet tells us how the sector will rebound with 3 key factors. bit.ly/2jfHhhK - about 2 months 3 weeks agoSilicon Valley, want to know what to expect under Trump’s administration? @Recode has the answers and more. bit.ly/2j5Oi9q - about 2 months 3 weeks ago@AppDynamics prepares to be the first #IPO of 2017...but it comes with a catch. @CNBC explains: cnb.cx/2iTzaHc - about 3 months 2 days agoGrowing difficulty in raising Series A and B funding could mean a rocky road for 2017: bit.ly/2iSbYwS - about 3 months 1 week ago2016 was a great year for #VentureCapital investing, even with the number of #startups falling by 12%. Read more: bit.ly/2j6ZlhI - about 3 months 1 week ago@TheStreet shares 17 thoughts on #biotech stocks as we head into 2017. Read more: bit.ly/2hYgsCN - about 3 months 2 weeks ago@TheStreet shares 17 thoughts on #biotech stocks as we head into 2017. Read more bit.ly/2hYgsCN - about 3 months 2 weeks agoStart the week off with "10 Tech Investing Quotes From the World's Best Venture Capitalists." @MotleyFoolTech bit.ly/2iJXY8j - about 3 months 2 weeks agoBridge Bank expands East Coast Presence with a new office near Research Triangle Park: bit.ly/2hbqvRi - about 4 months 2 weeks agoSouth meet West! We’re excited to announce our newest location in North Carolina: bit.ly/2hbqvRi - about 4 months 2 weeks agoBridge Bank expands with new clients, new teams, and a new office! bit.ly/2hbqvRi - about 4 months 2 weeks agoWhat lessons might a YouTube star have to share about entrepreneurial success? bit.ly/2gNugMz - about 4 months 3 weeks agoWe're prepared to provide flexible and creative solutions for renewable energy generation facilities: bit.ly/2ddvQpw - about 4 months 3 weeks agoStartups are surviving longer and SMB owners are seeing great success: bit.ly/2g2FNrq - about 4 months 3 weeks agoYour #startup is nothing without customers. Start measuring #NPS: bit.ly/2fWttc7 - about 4 months 3 weeks agoTelling your company's story can help secure critical funding: bit.ly/2fMZHKf - about 4 months 3 weeks agoSBA reinstated the 504 refinancing program. What does the program mean for your business? bit.ly/2dG1qMT - about 5 months 3 weeks agoBridge Bank is the smarter banking choice for growing tech companies: bit.ly/2d4L4kI - about 5 months 3 weeks agoMarket your #startup, and get the most bang for your buck with these #tips: bit.ly/2dN8POE - about 5 months 3 weeks ago via @Entrepreneur