Members of Old Fort Banking Company gave a presentation to business members at Mohawk Golf & Country Club Monday morning to teach protection against cyber fraud.
"What we're seeing today is man-in-the-browser attacks," Old Fort Banking Company Senior Vice President and Chief Information and Technology Officer Doug Pence said. "This is malware that activates software and takes over your browser, infects your URL and downloads code to your computer."
Pence said it can take a Social Security number, account number or a routing number.
Man-in-the-Browser attacks a bank's automatic transfer system, allowing cybercriminals to breach bank security measures, according to Bloomberg L.P.
Phishing and automated clearing house fraud are other types of cybercrime that concerned the local bankers.
"Always check your emails, whether it's our bank or another institution, we're going to notify you when you give us an ACH batch or do a wire transfer," Pence said. "If you see a transaction go through that's not yours, the regulation is 48 hours to have it turned around."
Old Fort Banking Company Internal Auditor and Security Officer Ruth Zoeller talked about what happens when information is confiscated.
Pence said Old Fort is working with a vendor to provide better security for commercial and personal accounts.
"Our client software will be ready 90 days from now and can be used on our clients' PC," Pence said.
Pence the new software is to secure against Man-in-the Browser attacks.
