UPDATE regarding American Bank Systems data breach:
As we continue to monitor the American Bank Systems data breach, I wanted to confirm a couple of things:
- Transparency in this issue is my ultimate concern. As we learn more about this, I will share any information we get.
- First Federal Community Bank networks, internal controls and systems have NOT been compromised. Prior to, and going forward, we monitor our systems very closely with our internal IT department.
- NO account or funds have been accessed. We have customer verification protocols in place that protect you, and your money from someone unbeknownst to us. Know Your Customer is one of the backbone principals of banking, and we are on an even heightened sense of awareness due to this breach.
- Your money is no less safe with us now as it was prior to this breach, but we ask that you monitor your accounts a bit more closely than typical, and in the event you see anything that is out of the ordinary, LET US KNOW RIGHT AWAY!
American Bank Systems is sending a letter to everyone that was potentially affected by this breach. In that letter, there will instructions on how to put CREDIT ALERTS and CREDIT FREEZES on your credit report. We recommend that you do one, or both. In addition, they are offering free credit monitoring for 12 months, with up to $1,000,000 in liability protection. I HIGHLY RECOMMEND YOU TAKE THIS COVERAGE.
I also want to assure you that First Federal takes our customer information and money VERY seriously, and will continue to monitor the situation. I will keep you posted as we learn things.
Thank you, and please don’t hesitate to reach out to us with any additional questions.