Protecting your financial information is one of First Enterprise Bank's most important responsibilities.
First Enterprise Bank is committed to protecting your personal information. Our Internet Banking and bill payment system uses several different methods to protect your information. All information within our Internet Banking and bill payment system uses the Secure Socket Layer (SSL) protocol for transferring data. SSL is a cryptosystem that creates a secure environment for the information being transferred between your browser and First Enterprise Bank. All information transferred through the Internet Banking and bill payment system has a 128-bit encryption which is the highest level of encryption.
First Enterprise Bank is required under Regulation E: Electronic Fund Transfers to provide certain protections to our customers relative to electronic fund transfers (EFT). As applicable to Internet access, this regulation covers transactions initiated through First Enterprise Bank's Internet banking and cash management channels, to either order, instruct, or authorize the financial institution to debit or credit an account. Transactions may include but are not limited to ACH payments, external transfers, and bill payments.
First Enterprise Bank will NEVER request a customer's personal information (debit card number, account number, social security number, personal identification number or password) through email or by phone. If you ever receive an unsolicited phone call or email claiming to be from First Enterprise Bank requesting your personal and confidential information, please DO NOT respond. Contact us immediately by calling (405) 681-0771. As an additional monitoring control, you should frequently review account statements and online account transaction history to ensure all transactions are correct and authorized.
First Enterprise Bank has implemented strong preventative and monitoring controls within its Internet banking and bill payment system; however, in order to enhance our customer's internal security we recommend our customers implement their own controls to mitigate risks. Examples of controls you may want to consider implementing to mitigate the risks of account takeover and fraudulent account activities are:
If you notice any suspicious or unauthorized account activity, experience a breach in security of personal information, suspect your login credentials or computer security have been compromised, or for more information please contact First Enterprise Bank's Client Services at (405) 681‑0771.
Mobile Banking from First Enterprise Bank is a safe and convenient way for you to stay on top of your finances while on the go. At the same time, it's important to take steps to protect your account information. Here are some tips to help you avoid financial theft while using mobile banking:
And, again, if you notice any suspicious or unauthorized account activity, experience a breach in security of personal information, suspect your login credentials or mobile device security have been compromised, or for more information please contact First Enterprise Bank's Client Services at (405) 681‑0771.
Identity theft involves the unlawful acquisition and use of someone's identifying information, such as:
Criminals then use the information to repeatedly commit fraud in an attempt to duplicate your identity which may include opening new accounts, purchasing automobiles, applying for loans, credit cards, and social security benefits, renting apartments and establishing services with utility and telephone companies. It can have a negative effect on your credit and create a serious financial hassle for you.
For more information about identity theft and other tips on how to protect yourself and your information please visit the following websites.
Debit card usage has increased dramatically in recent years and fraudulent use of debit cards has also increased.
First Enterprise Bank has some suggestions for you for the care and usage of debit cards.
Account takeover occurs when someone gains unauthorized access to one or more of your online accounts. Originally a tactic to target businesses, account takeover has become a serious problem for consumers as well.
Account takeover can happen to any online account: bank, retail, social media, or email. Any website where you have a user ID and password is at risk.
The easiest way for a hacker to gain control of an account is by having a weak password. Once a password is compromised, hackers will usually try it on other online services - if it works on your email account, it might work on your bank account. Criminals who use this method to attack your bank account can siphon away money before you realize it. Phishing (covered below) and malware are other ways that hackers can gain control of your online accounts.
The damage done in an account takeover can be considerably greater than that of other frauds. Credit card fraud can be easy to take care of. Generally, you can quickly see the charges, the bank cancels the card, and you get a new one. Account takeover is far more difficult to manage because it can go undetected.
Unauthorized charges and money transfers are just the beginning. If your email account is compromised, it can be used to access and make changes to your other accounts. Ultimately, a takeover could lead to massive identity theft, which can require a lengthy process to resolve.
To protect yourself from account takeover requires a team effort between the bank's security and monitoring and you as a consumer. Here are a few steps you can take:
Fraudsters will commonly use a type of Internet piracy called 'phishing.' In a typical Phishing case, you'll receive an email that appears to be from First Enterprise Bank. In some cases, the email may appear to come from a government agency, including the FDIC. The email will probably warn you of a serious problem that requires your immediate attention. It may use phrases, such as 'Immediate attention required,' or 'Please contact us immediately about your account.' The email will then encourage you to click on a link or button to go to the Bank's web site. In a phishing scam, you could be redirected to a fictitious web site that may look exactly like the Bank's web site. In other situations, it may be the Bank's actual web site. In those cases, a pop-up window will quickly appear for the purpose of harvesting your login authentication credentials. In either case, you may be asked to update your account information or to provide information for verification purposes: your Social Security number, your account number, your password, or the information you use to verify your identity when speaking to a real financial institution, such as your mother's maiden name or your place of birth. If you provide the requested information, you may find yourself the victim of identity theft which can lead to malicious activity such as Internet banking account takeover.
First Enterprise Bank is required through its banking regulators to conduct regular periodic risk assessments of our electronic banking products and services to identify security threats, and controls in place related to internal and external security, changes in customer functionality offered through electronic banking, and actual incidents of security breaches, ID theft, or fraud experienced internally or within the industry. As a proactive measure, we strongly suggest to our business or commercial customers to also perform a periodic risk assessment and controls evaluation related to security of their Internet banking / cash management environment. Special attention should be directed to high risk transactions which involve access to personal financial information or the movement of funds to other parties such as ACH, wire transfers, and bill payment.
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