In 2011, Dean O'Malley walked away from a high-paying job with no plans for the future, other than to escape the world of finance.
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What is social engineering?
CSO Magazine defines Social Engineering:
“Social engineering is essentially the art of gaining access to buildings, systems or data by exploiting human psychology, rather than by breaking in or using technical hacking techniques. For example, instead of trying to find a software vulnerability, a social engineer might call an employee and pose as an information technology (IT) support person, trying to trick the employee into divulging his password.”
– CSO November 2011
Social Engineering can take on many forms and fraudsters can be very successful using this method since it is very low tech and costs very little (if any) money to do. When it comes to banking online, it's even more important to understand the risks and how to keep your information safe and secure.
Here are some common methods of social engineering:
Protect yourself from social engineering:
At MutualBank, we strive to keep you educated of new scams or frauds. For more information about protecting yourself visit our Alerts and Security information.
Visit our Alerts anytime at bankwithmutual.com and click on "Alerts and Security".
MutualBank customers can always call 800-382-8031 to report any instances of fraud or suspicious calls. Together we're working with you to keep your information safe.
I’m 50 now. Shhh – don’t tell anyone. My brain still hasn’t caught up with my physical age in many ways, and I kind of hope it doesn’t. I’m actually working on just the opposite – getting my physicality in a little better shape, and a little ‘younger.’ It’s a long-term commitment, for sure.
My brain does act 50 sometimes though – when it comes to being technology-savvy, I’m a little slow to get on board. It took a lot of poking and prodding to get me on Facebook. I’ve been on it for a few years, and I have to face facts – my technology-driven friends were ‘right on.’ I’ve reconnected & learned more about friends -from my current pals all the way back to elementary school chums. Facebook is as intimidating as I let it be. I’ve learned to manage the urge to be on it incessantly. I’ve become closer with some of my friends as a result, and I know some acquaintances better than before.
I have a Smartphone, read books and magazines on my Kindle, am on LinkedIn (the professional social network, so they say), and I do most of my banking via the internet. I get my bank statements via email, and I have to stop sometimes as I flip through my mail at home – and ask myself why haven’t I signed up for almost everything to come electronically? So much paper is wasted….
Truth is, I’m not quite as tech-savvy as I could be, but I’m solidly above the bottom of the matrix. Maybe I’m in the ‘first quartile’ of tech-savvy? I don’t tweet, use Foursquare or Hootsuite, and frankly, don’t even know what a couple of those are. But I’m trying. Are you?
The New Year gives us the little nudge we need sometimes to try something new. Maybe you’ve been thinking about trying online banking or online bill pay. Maybe you’d like to use mobile banking, but you’re just not sure. Do it. Take that leap and try something new this year. Who knows, maybe you’ll be like this 50 year old and find that technology can be good.