Banking 101
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What is Citizens Bank Routing or ABA#?
FDIC
What is Federal Deposit Insurance Corporation?
Encrypting files and demanding money in exchange for decryption
What is Ransomware?
Form used to stop payment on a future check/ACH
What is a Stop Payment Request?
Email looks like a legitimate company asking for personal identifying information
What is a Phishing Scam?
This word describes adding money to your checking or savings account?
What is Deposit?
BSA
What is Bank Secrecy Act?
Manipulating people into divulging personal information
What is Social Engineering?
Form used to stop payment in an ACH already posted to the account
What is Written Statement of Unauthorized Debit?
Check from a sweetheart they have never met and are asked to send money back
What is a Romance Fraud?
When you have less money in your account than you actually spent.
What is Insufficient Funds?
CTR
What is Currency Transaction Report?
Sending emails pretending to be a reputable company to get confidential information
What is Phishing?
Form used to put a hold on checks
What is Notice of Delayed Availability?
Customer receives a check from a church in New York, they told him the secretary made a mistake so he needs to send money back to them
What is Check Fraud?
The signature on the back of a check
CIP
What is Customer Information Policy?
Malicious software sent as an attachment to an email
What is Malware?
This form is used for debit card fraud
What is Customer Dispute Request?
Customer receives a phone call stating they have won Publishers Clearing House Sweepstakes. They ask the customer to send money to cover the taxes on their winnings
What is a Sweepstakes Scam?
Banks earn money by giving loans at rates regulated by this body created in 1913
What is Federal Reserve?
HMDA
An attack meant to shut down a machine or network
What is Denial of Service?
This form is used when we decline to open a new account due to ChexSystems
What is Notice of Adverse Action?
Email that looks like it is from your company CEO asking to have money wired as soon as possible
What is Spoofing or Business Email Compromise?