19 HќќѠіђџȱ юћјђџ Ѣћђ 2014 % Clear understanding of the organization’s rule strategy approval process; % An accurate inventory of all fraud strategies currently in place; % An assessment of known gaps or risks in the fraud mitigation program and, where possible, ęȱȱȱȱ to those gaps; % Documentation of the hours of operation that the institution’s fraud service provider (internal or external) is available; weekends and holidays are a favorite window of opportunity for fraudsters. The Human Element Cardholder behavior also can help to limit exposure to data breaches. It is recommended to establish a communications program to keep cardholders informed about emerging threats. A bank can use this opportunity to reinforce basics, such as its policy regarding disclosure of account information and personal ęȱǯȱ ȱ ȱĴȱȱ¢ȱ breaches, consider addressing this topic, as well. The ability to communicate ě¢ȱȱ¢ȱ ȱ cardholders is invaluable. Financial institutions should be diligent in their fraud communications, as educating cardholders is a valuable component in reducing anxiety. ¢ǰȱęȱȱȱ to assess their fraud mitigation tools, systems and resources. Services are available that can analyze debit card transactions, detect fraudulent behavior and block suspected fraudulent activity at the point of sale before a transaction is approved. ȱ ȱĴȱȱȱȱ becoming increasingly sophisticated. Financial institutions are encouraged to seize the moment now to plan and prepare for the future. Ș Ȭȱ¢ȱ¢ǰȱa.k.a.ȱ ȱ ǻ ¢ǰȱ ȱȱ Ǽ Verle George Pearcy, 83, retired president of The Fairmount State Bank, died June 4. He began his banking career in Westport, then moved to North Vernon and Knightstown. He additionally served ȱȱȱ ȱ Ĵȱ ¢ȱ ȱ ǰȱ Ĵǰȱȱȱȱ ȱ Fairmount State Bank. Pearcy was 1986-87 president of the Community Bankers Association of Indiana board of directors and a member of the Indiana Bankers Association Forty Year Club. Among other organizations, he was active with ȱ Ĵȱ ȱ ǰȱ Ĵȱ County Community Foundation, Fairmount American Legion and Ĵȱ ȱ ȱ ǯȱ Pearcy was a U.S. Navy veteran of the Korean War. IN MEMORY OF Mark Wade - Carmel, IN - 317.523.4342 Madison, WI Des Moines, IA Indianapolis, IN 6SULQJ¿HOG ,/ www.BankersBankUSA.com Years of proven experience. The team of professionals we have assembled at Bankers’ Bank provides a level of expertise and service unparalleled in the marketplace. Partnering with us supplies your bank with countless years of proven industry know-how. Let our team go to work for you, supporting your goals and aiding you in serving your customers. Always your partner, never your competitor.™
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