Meredith Village Savings Bank

A particularly alarming form of malware continues to impact businesses and consumers. “Ransomware” is a harmful software that restricts access to an infected computer and requests that the victim pay ransom in order to regain control of the system, files or accounts. The fraudster perpetrating the ransomware may even monitor the victim’s activity for a […]

Local Businesses: We’ve been made aware of an increase in counterfeit $100 bills circulating in the area. We encourage you to take a moment to refresh your employees on currency identification procedures. Click here for a copy of the Secret Service’s Know Your Money Guide.

Please be aware that area consumers have reported receiving suspicious phone calls that appear to be coming from Meredith Village Savings Bank and other local financial institutions. The caller ID information displayed is “spoofed” to appear as though it originated from the bank. Meredith Village Savings Bank won’t contact you requesting financial payment information such […]

Our Risk Management Department has received notifications that members of the local community are receiving phone calls from an area code 212 (New York) phone number that has been in a foreign language and has music playing in the background. The language is most likely Mandarin Chinese and is similar to a phone scam from […]

Our Risk Management department noted that we’ve recently heard from some of our business customers about an uptick in a very common business email compromise – when a hacker gains access to an email account and begins to send emails pretending to be the true email owner. Hackers often attach malicious content to the emails […]

You may remember that two years ago on July 29, 2017, one of the three top credit reporting companies was the victim of a major data breach.  Equifax announced that the personal and financial information of approximately 148 million Americans had likely been compromised.  Sensitive information included in the compromise included names, birthdates, addresses, credit […]

What happened? It is all too timely in light of the recent settlement talks of the 2017 Equifax breach, that it was disclosed this morning that Capital One has suffered a data breach. Between March 22nd and 23rd, 2019, a software engineer was able to access information to more than 100 million Capital One customers […]

This spring and summer, our Risk Management team noted that our area seems to be seeing an uptick in credential stuffing, a type of cyber attack. While hackers have not been able to use this attack to access accounts at the Bank, we wanted to alert you to this increased risk against all of your […]

There has been a significant rise in fictitious Zelle charges debiting consumer accounts in recent weeks. Fraudsters are using stolen debit card information to send instant payments to fictitious accounts. With the stolen card data, fraudsters are able to enroll in Zelle, a popular digital payments network and mobile app similar to Venmo and PayPal. […]

A recent phishing scam is targeting businesses and consumers who use Office 365 email services. Fraudsters are gaining access to Office 365 accounts by stealing login credentials obtained using convincing fake login screens. Fraudster email attacks are becoming increasingly sophisticated – often appearing to be sent from a business, organization, or individual the victim normally emails […]