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FOR UNITY BANK CUSTOMERS ONLY

If you have received any fraudulent solicitations and have provided personal information (i.e. social security number, bank account number), please contact a Unity Bank representative at 1-800-618-BANK or visit a Unity Bank branch for instructions on how to protect yourself. You may also access the Federal Deposit Insurance Corporation (FDIC) website for more information on Identity Theft & Fraud by clicking on the following link: http://fdic.gov/consumers/theft/index.html.

 

Advisory

E-mail Compromise Fraud: Schemes in which criminals compromise the e-mail accounts of victims to send fraudulent wire transfer instructions in order to misappropriate funds. While financial institutions utilize multi-faceted verification technics for wire transfers, your business or personal email may be vulnerable to unlawful access through social engineering or computer intrusion.

Guidance

Any time you or your business receives an electronic request (e-mail) to transfer funds, it is essential that you are able to identify that the request is coming from a legitimate and known source. Conduct a verbal call back with identifiable information you maintain on file – do not use phone numbers or instructions contained within the transfer request. Once you have confirmed that the transfer request and instructions are valid, you may safely issue the request to the financial institution.

Remember, wire transfers are often irrevocable, which renders financial institutions and their customers unable to cancel or recall the funds. Identifying fraudulent transaction payment instructions before payments are issued is therefore essential to preventing and reducing unauthorized transactions.