Learn More - Click Here!

New Reply Thread Options
#2259690 - 09/14/21 05:49 PM Are mobile deposits cyber events for SAR purposes
Anonymous
Unregistered

We had a customer try and deposit fraudulent checks through the mobile app. Is this a cyber event. I look at the FinCEN alerts and the NIST definitions but can;t find the answer anywhere.

Thanks,

Return to Top Reply Quote Quick Reply Quick Quote
#2259691 - 09/14/21 05:59 PM Re: Are mobile deposits cyber events for SAR purposes Anonymous
BrianC Online
Power Poster
BrianC
Joined: Nov 2004
Posts: 5,977
Illinois
A cyber event involves a data breach, whether it is a customer system (such as email, ID & password, etc.) that is compromised or a bank system that is compromised.

A customer using their own credentials to deposit fraudulent checks is not a cyber event.
A customer's mobile banking ID and password that is hacked and the fraudsters used the stolen credentials to submit fraudulent checks would be a cyber event.
_________________________
Sola Gratia, Sola Fides, Sola Scriptura, Solus Christus, Soli Deo Gloria!
www.tcaregs.com

Return to Top Reply Quote Quick Reply Quick Quote
#2259706 - 09/14/21 09:15 PM Re: Are mobile deposits cyber events for SAR purposes BrianC
Anonymous
Unregistered

Awesome! I appreciate your answer. Makes sense when worded this way.

Return to Top Reply Quote Quick Reply Quick Quote
Quick Reply:
HTML is disabled
UBBCode is enabled




Moderator:  MagicCity, P*Q, Truffle Royale