Local banks band together to donate $300,000 in the fight to end homelessness
A group of Massachusetts-based banks recently celebrated a campaign that raised awareness and $300,000 for nonprofit Heading Home, which works to end homelessness.
March 29, 2021
Protect Your Business Against a Corporate Account Takeover
Written by:
Raj Sharma
Head of Information Security, VP, Northern Bank
What is a Corporate Account Takeover?
Corporate Account Takeover occurs when cybercriminals gain unauthorized access to business accounts using various online tools. These tools range from emails and social engineering technique to computer intrusion via the installation of malware. Leveraging these tools, cybercriminals can access online banking accounts and gather applicable information to conduct financial crimes.
BOLO - Be on the Lookout
- Fraudsters are known to target key individuals from institutions, where they craft an email impersonating a legitimate email and direct employees to conduct wires, make changes to direct deposit information or make payments.
- According to the FBI, business email is being compromised at an all-time high and exposed losses are increasing every year.
Protect Yourself and Your Company
You can protect yourself and your company by deploying technical and operational controls:
- Technical Controls include, the use of a firewall, antivirus, patching, and dedicated PC to perform banking activities.
- Operational Controls include, reviewing daily account activity, reconciling accounts, enrolling in bank alerts via email or text, and setting dual controls.
For additional information and best practices, explore our Information Security posts.
Written by
Raj Sharma
Head of Information Security, VP, Northern Bank
Raj Sharma brings 19 years of Information Security experience in the banking industry to his role at Northern Bank. On the Northern Bank Team since 2018, Raj has played an integral part in building the Information Security function that is so critical to mitigating the ever changing security threat environment. He holds a Masters in Information Security and several industry recognized certifications such as CISSP (Certified Information Security Systems Professional) and CISM (Certified Information Security Manager). Raj is so interested in Information Security, he not only chose it as a career, he makes it his hobby and is constantly learning about new technologies.
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Northern Bank adds new branch managers in Woburn
Northern Bank, a full-service business bank, today announced the appointment of business development managers Yomaira “B” Rosario and Joe Todisco to two branches in Woburn.
About Northern Bank & Trust Company
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.87 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
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Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.