FirstOak Bank’s Mobile App is getting an Upgrade

what’s new Better formatting on iPhone and Android Devices Easier navigation More features Browse your accounts by list or tile view Alerts more visible Total Available and Current Balance more easily visible. Pay your loans through the mobile app, same as when on your computer Negative balances / debits appear in Red and positive balances / credits appear in green …

Three most common types of cyber fraud you should know about:

Phishing: fraud through legitimate looking emails SMiShing: phishing via texts and SMS messages Vishing: voice phishing via phone calls Phone numbers, emails and links to websites can look like real communications from trusted sources when they could be scams.  Messages encourage you to react quickly and if you do not react, the communications indicate you’ll face consequences. Phishing and SMiShing …

What is Ransomware?

Ransomware is a form of malware that targets information on your computer for the purpose of extortion.  After the user has been locked out of a system or important information has be gained, the cyber actor demands a ransom payment. Examples of Ransomware “Your computer was used to visit websites with illegal content. To unlock your computer, you must pay …

What is Malware?

Malware is a catch-all term covering anything bad on the internet including viruses, worms, and other harmful computer programs to destroy and gain access to sensitive information. Types of Malware: 1. Virus – software that enters its’ own code and replicates itself 2. Worm – replicates itself similar to a virus but doesn’t spread to other systems 3. Trojan – …

October is Breast Cancer Awareness month!

Did you know Breast Cancer affects 1/8 women age 40 and older? Breast cancer is the second leading cause of cancer death among women in the US and when detected early has a 90% recovery rate? Here’s what you can do: 1) Know the facts about breast cancer – read more here: http://sgk.mn/36MhgTs 2) Know your risk and schedule a …

Start spending your change!

With many of us cooped up at home with the COVID-19 pandemic or simply being more cautious by keeping cash purchases to a minimum, the Federal Reserve has issued a statement about a change shortage. The Federal Reserve is asking consumers to spend or trade in their change laying around the house to put additional change back into the economy. …

Beware: Counterfeit money

Any business receiving cash as payment should be aware of counterfeit bills. Once you or your business accepts a fake bill, you own the bill. Here’s what you need to know: Large bills like $100’s and $50s aren’t the only bills to be counterfeited. Some counterfeiters use the homeless to spread smaller bills. Many businesses are tricked into accepting these …

Today marks the 15th year of World Elder Abuse Awareness Day (WEAAD).

World Elder Abuse Awareness Day helps bring to light situations where someone takes advantage of older individuals and uses their assets improperly or deprives them of their assets. Scammers may take advantage of elders because they perceive that they are more vulnerable due to medical / health issues while having accumulated money over time, gained equity in their homes, have …

Be on the lookout for Fraud

We have seen an increase in fraud related activities. Never give out card information. FirstOak Bank will never ask for your personal information or ask you to transfer money. Fraudsters are posing as bank staff to try to get your information The fraudster gathers information from social media to make the scam more believable. Cardholder receives a phone call from …

COVID-19 FIRSTOAK BANK PUBLIC STATEMENT

We are all beginning the transition to our “new normal.”  As we navigate these uncharted waters, it is our hope that we can come together as a community to ensure the well-being of others. FirstOak Bank is devising a thorough reopening plan focused on keeping our employees and customers as safe as possible by following the regulations set forth by the State of …