Ransomware & Email Hijacking: Real Threats You Need to Know About

posted Jeff Becker 4/15/2016 in General

Fraud Alert from Lincoln Savings Bank

Lincoln Savings Bank has become aware of recent successful, malicious attempts to perpetuate cybercrime via 2 methods:

  1. Ransomware
  2. Email Hijacking

Ransomware

Ransomware is when a clever cyber-thief sends you an email that looks legitimate.  It may have a link or attachment that appears safe.  However by clicking on it, your computer files become encrypted and un-usable.  You’re then forced to pay a ransom fee electronically to have your files “released” back to you, or the thief threatens to forever keep your files inaccessible.  This is real and this is happening.  This is not a myth.

Our suggestion(s) to protect your computer from Ransomware:

  • Do not open emails you aren’t expecting.  
  • Do not click on links unless you are 100% certain of their validity. 
  • Do not open attachments unless you are 100% certain of their validity.  
  • Do not allow curiosity to over-ride security and safety.
  • Keep your computer protected with updated, top notch virus and malware protection. 
  • Keep your computer’s operating system updated.

Check out this resource from the American Banker's Association (ABA) about how to Know, Identify and Prevent yourself from a ransomware attack.  

Email Hijacking

Email hijacking occurs when a hacker has successfully gained access to your email account without your knowledge.  They know your password.   They can read your emails and send emails on your behalf – without you knowing.

Our suggestions(s) to protect your email account from being hijacked: 

  • Change your email password often.
  • Check your online banking transactions or your statements for unusual activity.
  • Check your credit card statements for unusual activity.
  • Setup alerts with your financial institutions for when money is moved within your accounts.
  • Keep your computer protected with updated, top notch virus and malware protection.
  • Keep your computer’s operating system updated.

These are both real threats that have resulted in financial gain for the bad guys perpetuating the crimes.  You, your family members, friends and neighbors are all potential victims unless you take steps to prevent these crimes.  

If you would like to learn more about cyber security, download our white paper.

Lincoln Savings Bank, Member FDIC.

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