Fraud

Unemployment fraud is surging in many forms, as reported by bankers statewide. It is critical each bank know of and respond to each version as it hits. Toward that end, OBA will try to keep you apprised as we learn of new issues as each is time sensitive. The first such scenario defines an issue facing the State of Washington, …

In the last two days, we have had 11 Oklahoma bank ATMs experience significant losses due to heightened ATM skimming activities. The cards utilized were not bank customer cards, but cards drawn on another bank. The targeted ATMs were not all chip compliant, which could impact insurance coverage. On a previous similar claim, there was no coverage when a bank …

The following was sent out late last week by the FBI and we felt it important to make sure our bankers receive it: Hello Banking Sector InfraGard Members, Please see the attached Private Industry Notification (PIN) 20180809-001 TLP:AMBER, “Unlimited Operation” Schemes Pose an Immediate Threat to Financial Institutions. PIN 20180809-001 is being distributed to inform partners of an immediate threat …

Once again, OBA is partnering with the Oklahoma Insurance Department, attorney general’s office and Oklahoma Securities Department to offer one of the best fraud programs available anywhere. You are encouraged to offer this free opportunity to your customers. More information, including dates and locations of the programs, can can be accessed through the Oklahoma Insurance Department website by clicking here. …

Below are two videos recommended by the OBA’s Elaine Dodd on dealing with an active shooter.

Investigative Tools Our seasoned investigators can help you to utilize Fraud-Net for detection of current ongoing frauds involving use of counterfeit checks, identity theft and new account fraud. Utilizing and building on connections with law enforcement entities and prosecutors statewide will aid in the detection, deterrence and apprehension of violators. This, in tandem with our education programs should decrease your …

As you know, we rarely issue Fraud Alerts to ensure they have more force and effect upon issuance, but, banker friends, we are once again there.

At the risk of sounding like a broken record, we want to once again warn that wire fraud and attempted wire fraud continue at a steady, non-relenting pace. As you know, we try to limit our Fraud Alerts to those times when it is essential, but the recent level of reports has demanded our attention.

There has been information that a DOS (disruption of service) attack could be initiated toward American corporations, including banks, on July 10.

A recent OBA Update contained an article regarding the formation of an Information Security MAFIA networking group. As our Fraud Alerts are targeted to a large number of those who may want to participate, we decided to recap the information so that we include all those who want to take advantage of what promises to be a wonderful opportunity to help to keep our …