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The Built for Better Banking Newsletter - Oct. 2023

Union State Bank News & Events

USB Staff Partner with Student Development Programs


Many communities have formed interactive and educational programs designed to guide middle and high school aged students as they begin to explore future careers. Union State Bank staff volunteer in these various student development programs as an impactful way to invest in the leaders of tomorrow. 


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Safety Tips to Reduce Risk This Holiday Season


The holiday season is a time of joy, celebration, and gift-giving, but it also comes with an increased risk when it comes to shopping. As the festive season approaches, many consumers are eager to find the perfect gifts for their loved ones. However, this surge in shopping activity also attracts a different kind of attention from criminals and scammers. Here are a few tips on how to stay safe and informed.


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KASASA Blog:

Setting Up Your Child's First Bank Account

 

Often the question revolves around the appropriate age to open a kid's bank account, but that depends more on the child than the policies of the bank or credit union. The key to a youth savings account or checking account isn't just about having money. It's about learning how to save and spend it.



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Online Security Tip: Malvertising

In the digital age, the internet is an integral part of our lives, and almost every website we visit features some form of advertising. These ads can range from banners to videos, but beware, not all of them are benign. Some ads are designed with malicious intent, posing a threat to your online security.


Malvertising, short for malicious advertising, is a cybercrime tactic where criminals employ advertisements to distribute malware or deceive users into divulging sensitive information. When you click on a malicious ad while browsing a webpage, you may land on a fake login page or a counterfeit retail website that solicits your confidential data. Certain instances of malvertising can even result in the automatic download of malicious files onto your system, causing potential harm.


It's important to note that most websites don't directly choose which ads appear on their pages. Instead, they rely on ad networks to manage advertisers, traffic, and payments. Cybercriminals exploit this system by deceiving ad networks into thinking they are legitimate advertisers. Once admitted into the ad network, these bad actors use their ads to target unsuspecting users. Therefore, being on a reputable, well-known website doesn't necessarily guarantee the safety of the ads displayed.


Safeguarding your online experience from malvertising requires vigilance and proactive measures. Here are some essential tips to stay safe while browsing:


The old adage, "If it seems too good to be true, it probably is," is particularly relevant online. Exercise caution when encountering ads that make extravagant claims, offer irresistible promotions, or promise free products. Verify the legitimacy of the source before clicking on an ad.


Regularly update your device and browser with the latest security patches. Outdated software can be vulnerable to cyberattacks, making it essential to maintain up-to-date security measures.


Installing a reputable ad blocker for your browser can serve as a robust defense against malvertising. These tools prevent ads from being displayed, reducing the risk of encountering malicious advertisements during your online activities.


Remember, your online safety is in your hands, and a little caution can go a long way in ensuring a secure browsing experience.


For additional information about online scams and cybercrime visit our website: https://www.myunionstate.bank/services/mobile-and-online-banking/online-security-tips

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Please Report Scams


If you spot a scam, please report it to the Federal Trade Commission.

• Call the FTC at

1-877-FTC-HELP

(1-877-382-4357)

or TTY

1-866-653-4261.

• Go online: ftc.gov/complaint


Your report can help protect other people. By reporting fraud, you can help the FTC’s investigators

identify the scammers and stop them before they

can get someone’s hard-earned money. It really makes a difference.


Information provided courtesy of Federal Trade Commission. FTC.gov/PassItOn

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