Corporate Account Takeover (CATO)

Corporate Account Takeover (CATO) is an electronic crime that has been rapidly growing within the financial industry. The crime is typically committed through use of malware software that obtains corporate online banking account login information and then engages in fraudulent transfers of funds.

What steps can I do to protect my business?

Install and maintain spam filters on computer(s)
Install security updates on operating systems and all applications as they become available
Perform a full scan at least once a month
Note changes in performance – dramatic loss in speed, computer locks up, unexpected rebooting, unusual pop-ups, etc.
Surf the internet responsibly
Block popups
Do not use public interest access points
Be on the alert for suspicious emails and never open attachments from unidentified emails
Review accounts daily

Contact the bank, if you:

Suspect a fraudulent transaction
Are processing an Online Wire or ACH Batch and receive a maintenance page, or
Receive an email requesting personal/company information that claims to be from the bank.

CCSB will continue to monitor online activity closely. We appreciate all the efforts of our customers in preventing online cybercrime.