LOS ALAMOS – The Department of Homeland Security in 2004 deemed October as National Cyber Security Awareness Month — a time to raise public consciousness about the ever-more-sophisticated ways in which criminals are trying to steal from working people, businesses and the financial institutions in which they put their money for safekeeping.
But financial institutions think about this problem 365 days a year. Banks invest enormous resources to protect individual and commercial customers from financial security breaches.
Financial institutions have strengthened cybersecurity defenses by embedding chips into credit and debit cards and requiring customers to use two-part authentication to access accounts and bank online. Los Alamos National Bank has used two-factor authentication for all online banking access for many years.
The banking industry must be aware of the next attack method. LANB is connected to major industry security groups — including the Financial Services Information Sharing and Analysis Center, the American Bankers Association, the Department of Homeland Security — and we receive relevant alerts about financial security breaches, allowing us to plan and adjust our controls to prevent a breach. In addition, alerts from payment card channels keep us abreast of new fraud schem For the full article click here
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