Cybersecurity

phishing | malware | ransomware | identity theft | social engineering

Secure your financial future by taking proactive steps to protect your digital presence.

What is Cybersecurity?

Cybersecurity is the practice of protecting internet-connected systems, including hardware, software, and data, from cyberattacks. For our members, this means safeguarding personal and financial information from theft, fraud, and misuse. In today’s digital world, cybersecurity is essential to maintaining privacy, security, and trust when banking online.

Forms of Cyberattacks That Affect Financial Data and Identities

Cyber criminals are constantly evolving their tactics to try and access sensitive financial information. Below are some of the common types of cyberattacks to be aware of:

Phishing Attacks: Fraudsters disguise themselves as legitimate entities, often through emails or texts, tricking users into sharing sensitive information like passwords, account numbers, or Social Security numbers.
Malware: This harmful software, including viruses and spyware, can be secretly installed on your device to steal personal information or even take control of your accounts.
Ransomware: Attackers use this type of malware to lock users out of their systems or data, demanding payment to restore access. Financial institutions and individuals are common targets.
Identity Theft: Cyber criminals may attempt to steal your personal information to open accounts, make purchases, or commit fraud in your name.
Social Engineering: Attackers manipulate or deceive individuals to obtain confidential information by posing as trusted sources, often over the phone or via email.

Cyberattacks Across All Your Devices: Computers, Tablets, and Smartphones

Cyberattacks can target any internet-enabled device you use to access financial services. Here’s what you need to know:

Computers: Laptops and desktops are prime targets for malware, phishing, and ransomware. Always ensure antivirus software is active, and avoid suspicious downloads.
Tablets: Tablets, especially when used for online banking, can be vulnerable to app-based malware. Only download apps from trusted sources and regularly update them.
Smartphones: Many cyberattacks occur through mobile devices, including SMS phishing (also known as “smishing”) and malicious apps. Be cautious of links in texts, and only download trusted banking apps.

Steps You Can Take to Protect Yourself from Cyberattacks

Protecting yourself from cyber threats is a partnership, and your vigilance is crucial. Here are some steps to enhance your security across devices:

Use Strong, Unique Passwords: Avoid common passwords and instead use a unique password for each of your accounts. Consider a password manager to help keep track of them.
Enable Multi-Factor Authentication (MFA): MFA provides an additional layer of security by requiring two forms of identification to access your account, making it harder for cyber criminals to gain entry.
Stay Up to Date: Regularly update your software, operating systems, and apps on computers, tablets, and smartphones. Updates often include security enhancements that protect against the latest threats.
Be Wary of Suspicious Links and Attachments: Avoid clicking on links or downloading attachments from unknown sources. Always verify the sender’s information before engaging with any suspicious message.
Download Apps Only from Trusted Sources: When using apps for banking or financial management, download only from official app stores like the Apple App Store or Google Play, and look for reviews and publisher details.
Monitor Your Accounts Regularly: Routinely check your account statements and online banking activity. Early detection of unusual activity can prevent larger security issues.
Use Secure Networks: Avoid public Wi-Fi when accessing your financial information. If you must use it, consider using a virtual private network (VPN) to encrypt your internet connection.
Stay Informed: Cyber threats evolve rapidly. Follow security updates and tips from Alliance Credit Union to stay aware of the latest scams and protect your financial data.

How Cybersecurity Protects Alliance Credit Union Members

At ALLIANCE Credit Union, we take cybersecurity seriously, employing state-of-the-art technologies and best practices to keep our members’ information safe. Here’s how we work to protect you:

Advanced Encryption and Multi-Factor Authentication: We use strong encryption protocols and multi-factor authentication to protect your account access and prevent unauthorized users from accessing sensitive data.
24/7 Monitoring: Our security team monitors for any unusual activity on member accounts to identify and address potential threats as quickly as possible.
Educational Resources: We believe that an informed member is a secure member. Through resources like our SHIELD fraud awareness campaign, we offer guidance on recognizing and preventing cyberattacks.
Regular Security Audits and Updates: Our systems undergo regular security checks and updates to maintain a secure online banking experience.

Secure Your Future with Alliance Credit Union

Cybersecurity is more than just a defense against cyber criminals—it’s about creating a safe, trusted banking environment. At Alliance, we’re dedicated to protecting our members’ financial well-being and securing a bright future.

If you suspect fraudulent activity on your account, call the ALLIANCE Contact Center, Monday through Friday from 7:30am to 6:00pm at 806.798.5554 or toll-free at 800-687-4328.