It's Cyber Security Month!
Fight the Phish!
Phishing is one of the most common ways that bad actors attack individuals and organizations, because it’s an easy and simple way to get in front of users. Fight back by implementing solutions that block phishing emails.
Learn more about how to prevent email compromise and what to do if you have had your email hacked.
Tax Reporting Proposal
The IRS Tax Reporting Proposal is still in play. A recent proposal in Washington would require banks to report to the IRS on the inflows (deposits) and outflows (withdrawals) of personal and business accounts.
The proposal is "still being considered, and we don't have a timeline beyond that," Senate Finance Committee spokesperson Ashley Schapitl told S&P Global Market Intelligence on Sept. 22. In the House, the Ways and Means Committee's bill excluded the provision.
Quick Tips
View AllConsumer Alert! New IRS Reporting Proposal
A recent proposal in Washington would require banks to report to the IRS on the inflows (deposits) and outflows (withdrawals) of personal and business accounts. Under the proposal, Bank of the Pacific would be required by the government to report your account information to the IRS. Your privacy is our utmost concern and we want you to know about this potential change proposed by Washington policymakers.
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A Brief Guide to Ransomware
Because we live in an increasingly digital world, the number of cyberattacks are growing every year, and ransomware is quickly becoming cybercriminals’ favorite attack strategy. A successful ransomware attack can cost your business thousands, if not millions, in downtime and payments. Learn more about Ransomware and ways to protect your business by reading the full article.
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Everything A Business Needs To Know About Wire Fraud
Wire fraud is one of those things you never think would happen to you, but it’s much more common than you might think.
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The best way to avoid becoming a victim is to have a thorough understanding of wire fraud, how the actors operate, and the common warning signs.