Welcome to Monterey County Bank
| IMPORTANT BANK NEWS |
| 01/21/14: SECURITY FOCUS: PROTECT YOURSELF FROM FRAUD |
Protecting your account and your personal information is a top priority for Monterey County Bank. In light of the recent security breach involving merchant retailer Target, our staff continues to work diligently to protect our clients and ensure your information is secure.
KEY FACTS PERTAINING TO TARGET SECURITY BREACH:
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December 18, 2013, Target reported the security breach impacting an estimated 40 million consumers who shopped at Target retail locations nationwide during the time frame of November 27, 2013 through December 15, 2013. Authorities have confirmed debit and credit information to include card numbers, expiration dates, and embedded data on the magnetic stripe on the back of the card was compromised.
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December 27, 2013, it was confirmed encrypted Personal Identification Numbers (PINs) were included with the card data that was compromised but it has not been confirmed that the information has been decrypted and unsecured.
- January 10, 2014, Target further reported the security breach impacted an estimated 70 million consumers’ personal information to include: names, address, phone numbers or email addresses were compromised. It was noted that there may be an overlap in the two compromised groups.
- January 13, 2014, Target began to offer consumers free credit monitoring and identity theft protection through Experian’s ProtectMyID program. For up to date information on the security breach or to learn how to enroll in the ProtectMyID program, visit: www.Target.com.
Monterey County Bank has an established relationship with Visa and MasterCard to receive ongoing alerts for any of our cardholders should card information be compromised during a security breach. If you used your card at Target during 11/27/13 through 12/15/13 and have not contacted us or have not received a new card, please call the main branch at (831) 649-4600 so, for your security, we may order you a new card and cancel the card that may have been compromised by this security breach. If you have been contacted and continue to notice suspicious activity on your account, please contact your local branch as soon as possible.
If you have not been contacted by your bank or card company, it is still strongly suggested that you take steps to protect yourself by reviewing your checking account or credit card account activity. Security experts have suggested that individuals who shopped at Target during the exposure time frame, should contact their bank or card company to request card re-issuance or to change their PIN number.
We apologize for any inconvenience this may cause you. Monterey County Bank takes your account security and privacy very seriously and we will keep you informed on this issue as it develops. If you have any questions or concerns, please call us at (831) 649-4600 during regular business hours.
You may also continue to check back on our website for updates and helpful tips on steps to take to help protect your information. Information will be posted on the homepage or the FAQs and Helpful Tips page.
Please take a moment to review this month’s Security Focus: Protect Yourself from Fraud [pdf]. This flyer contains tips on how to safeguard your personal information, red flags to help you identify if you have become a victim of identity theft, and steps on how to report identity theft.
| NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS |
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).
Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
FDIC Deposit Insurance Coverage Flyer [PDF]
| For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit: http://www.fdic.gov/deposit/deposits/unlimited/expiration.html To calculate insurance using the FDIC's Electronic Deposit Insurance Estimator visit: https://www.fdic.gov/edie/index.html |
| DATE | OTHER BANK NEWS |
| 12/05/13 | Security Focus - Safeguarding Your Information |
| 02/11/13 | Consumer Notice - Visa/MasterCard Merchant Surcharge Fees |
| 12/06/12 | Security Focus - Things to Consider when using your Mobile Device |
| 11/16/12 | Security Focus - The Attack of the Citadel Trojan |
| 08/15/12 | Security Reminder - Email Communications |
| CONSUMER ALERTS |
Please take a moment to review the latest in Consumer Alerts:
| DATE | ALERT/NOTICE TITLE |
| 01/10/14 | Target Alerts Consumers of Unauthorized Access [UPDATE] |
| 12/19/13 | Target Alerts Consumers of Unauthorized Access |
| 06/07/13 | Nob Hill Alerts Customers About Cyber Attack |
| 01/30/13 | E-mail Claiming to be from the FDIC: ACH and Wire Transfers |
| 11/09/12 | E-mail Claiming to be from NACHA: Direct Deposit Payments |
For your reference, additional FDIC Special Alerts may be accessed from: FDIC: Consumer Alerts
To learn how to automatically receive FDIC Special Alerts through email, please visit: FDIC Subscriptions
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