Enloe State Bank has always strived to provide unprecedented customer service to our customers. We are now proud to announce that we are adding two new products that should vastly improve our customers’ overall banking experience. With the addition of internet banking and online bill-pay, our customers should be able to handle their banking needs from any location, at any hour of the day, and seven days a week. Enloe State Bank takes great pride in being able to offer our loyal customers these new products while remaining focused on the same small town service that our customers have come to know and love.
What is Corporate Account Takeover?
Corporate Account Takeover is an evolving electronic crime typically involving the exploitation of businesses of all sizes, especially those with limited computer safeguards and minimal or no disbursement controls for use with their bank’s online business banking system. These businesses are vulnerable to theft when cyber thieves gain access to its computer system to steal confidential banking information in order to impersonate the business and send unauthorized wire and ACH transactions to accounts controlled by the thieves. Municipalities, school districts, large non-profit organizations, corporate businesses, and any customers that perform electronic transfers are potential targets. Losses from this form of cyber-crime range from the tens of thousands to the millions with the majority of these thefts not fully recovered. These thefts have affected both large and small banks.