Latest Financial News

GM recalls 205,000 Cadillacs, Impalas

Saturday, September 20, 2014 12:10 pm

Add 205,309 more cars to General Motors' recall tally.

MutualBank Secure Login

MutualBank Online Banking

 

Have suggestions or topic requests? Let us know.

  • What exactly is a software vulnerability?

    Tuesday, May 20, 2014

    You may have heard recently about a major security vulnerability that was found in the Internet Explorer browser, specifically for those using it on the Windows XP operating system. This issue has since been addressed by Microsoft, but we thought we would provide you a more detailed understanding of what a vulnerability is and share some tips to protect your computer against them.

    What is a software vulnerability? 

    A software vulnerability is a flaw in an application that can be used in a certain manner by hackers to perform an unwanted action.   You may also have heard of vulnerabilities being referred to as security bugs.  These bugs are typically fixed by the software vendor in a short period of time after the vulnerability is made public by updating the affected software.  Almost all software is vulnerable at one time or another. 

    How are vulnerabilities exploited by hackers? 

    Hackers write software that takes advantage of the vulnerability making the application perform in an unwanted manner.  The hacker can deliver the malicious software to the victim by a number of mechanisms.  This is typically done by sending the victim an email that appears to be legitimate, but actually contains a link to an infected site.  If the victim clicks the malicious link in the email, their machine could become infected due to the vulnerable software on their machine. Hackers are constantly discovering and writing exploits for vulnerable software in an attempt to make money, gain notoriety, and steal confidential information.  

    Programs with Frequent Vulnerabilities 

    Java and Adobe exploits make up a large percentage of the total exploits available to hackers.  Java runs on approximately 3 billion machines worldwide. That’s a large attack footprint.  Java usually runs in the background and helps many applications function.  Adobe makes various products like Reader, Flash, Photoshop, Adobe AIR, and etc.  Most people have these programs installed on their machines.  Historically, these two companies release urgent security updates every few weeks.  


    Tips to Remember


    Two of the most important tips to remember when it comes to securing your computer are to:

    • Enable automatic updates for your operating system and applications
      Set your operating system, applications, and antivirus to check for daily updates. Below we’ve linked to some tutorials that show you how to enable automatic updates for your specific Windows operating system. Mac operating systems have automatic updates installed by default.

      From an application perspective, each program has its own settings regarding automatic updates. Most applications have updates installed by default or will alert you when an update is available, but it is best practice to ensure that all of your installed applications do have automatic updates enabled. You can do this most likely through the applications settings or preferences options.

    Automatic Update Tutorials:
    Windows XP, Windows Vista, Windows 7
    Windows 8

    • Use a good antivirus product
      We are unable to officially recommend a specific antivirus product, but Bitdefender and Avast are highly rated.  Remember that antivirus isn’t fool proof.  Typically, antivirus has about a 60-70% detection rate.  Also, Mac users should install an antivirus program as well. A common misconception is that Mac computers aren’t susceptible to viruses but that is a misnomer. They may be less likely to get viruses than PCs, but they are indeed still vulnerable.  

    It’s best to think of the security of your information in terms of layers.  Updating all your software is the first security layer.  Using an updated antivirus is the second layer of protection against an exploit. Employing this dual layered strategy will greatly reduce your risk to potential vulnerabilities.

    If you have any specific questions or thoughts, please let us know below!

  • Personal Banking Security Measures for the 21st Century

    Monday, April 7, 2014

    clientuploads/21st-Century-Securitysquare180.pngMany of us are constantly connected to the online world these days. This means that the potential is there for our computers and personal information to be compromised which greatly increases the risk of ID theft and financial fraud to occur. However, by taking some basic precautions you can significantly reduce the risk of your computing environment being compromised. Following these simple guidelines should help your computing environment become more secure:

    Use an antivirus program

    This is your first line of defense against any virus threat. While we can't endorse any specfic antivirus program, AVG and Avast! are two decent free options you can check out.  

    Keep your computer and software up-to-date

    Keep your computers and network equipment secured with the latest software updates and enable automatic updates whenever possible.  This includes updates to third party applications such as Java and Adobe Products.  

    Use hard drive encryption

    In the event your machine is lost or stolen, drive encryption can prevent others from accessing the data on your hard drive.  The purpose is to encrypt or scramble your data on your machine so that it can only be read with your encryption key.Many operating systems offer drive encryption.  Microsoft offers Bitlocker and Apple has FileVault. There are also other third party encryption offerings.   

    Enable your firewall

    Think of the firewall to your computer as the fence around your property.  If there were multiple holes cut in the fence, it wouldn’t be very useful at keeping people out.  Firewalls are typically enabled by default on Windows machines, but double check to make sure it’s on.  Here are instructions to do so if you are using Windows 7. Only allow necessary applications inbound access through your firewall. The same principles apply to your network firewall. 

    Configure your screensaver

    Set an auto-locking screensaver so your account gets locked out after a few minutes.  This is useful if you forget to lock your machine when are away from it. On Windows machines this can usually be done by pressing the “Windows Key” and the “L” button simultaneously.

    Make your passwords stronger

    The longer and more complex the password, the better.  At least 16 characters with a combination of upper and lowecase letters, numbers, and special characters is a best practice.

    Configure your router

    Use the strongest wireless security available (currently WPA2-CCMP) with a long and complex password for your wireless network. Disable WPS on your wireless router for greater security.   

     


    Think that some secure banking information
    of yours has been compromised?

    If you suspect that your personal financial information has been compromised, call MutualBank Customer Support at 800-382-8031.


     

  • A Culture of Giving

    Thursday, February 13, 2014

    The Merriam-Webster Dictionary defines “culture” as the beliefs, customers, arts, etc., of a particular society, group, place or time.

    The MutualBank culture has always been one to support our community and particularly our local United Way agencies. You might be wondering “Why support the United Way?” or “Why not just support the non-profits directly?”

    As a financial institution, we get asked for sponsorships and donations all throughout the year. There are many great causes in Indiana and especially within our footprint. Unfortunately, we cannot financially support each one of these efforts. Certainly we wish we could, but we cannot. It is because of this conundrum that we have a culture of supporting the United Way.

    In short, United Way acts like a funnel for funds donated. It gathers and pools together as many of the resources that are available in the community. Then it takes a look at the areas of greatest need and distribute funds back out. While we are involved in our communities, we are not a non-profit who fills a void in the community. As economies change, so do the needs. As companies close, schools consolidate or demographics change, the needs in our community change. The United Way keeps a pulse on those changes, enabling opportunities for the needs of our direct community to be met.

    MutualBank’s vision is to help people live better lives. We do that by helping our customers and communities receive banking products and services that align with their lifestyle. We help by living out our “Four C’s”: Character, Compassion, Class and Competition. But we also live out our vision by impacting the community around us in a positive way. In 2013, I think we did just that.

    Across our footprint (Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph and Wabash counties), MutualBank contributed $117,800 to the United Way in 2013! The donations came from MutualBank employee donations, MutualBank retiree donations and a donation through the MutualBank Charitable Foundation. This shows through each individual donation, we can come together with one purpose of helping people.  Just like the United Way, we can join efforts to make brighter headlines and lasting impact.

    A special “Thank You” to MutualBank employees from Pat Botts,
    President & COO:

    “I am consistently amazed at the generosity our staff shows towards people who need us. Thanks for making this a great place to call home! Thank you for believing in the MutualBank culture of helping people live better lives. Thank you for being generous with your time and resources so that we can make a lasting impact on the communities where we work, live and play." 

MutualBank on Twitter

MutualBank on Facebook

 
 
MutualBank