Message from the President
By now you’ve likely heard about the massive debit and credit card breach at Target Department Stores, exposing perhaps as many as 40 million credit and debit cards nationwide to potential criminal fraud.
It seems like these breaches are becoming more and more frequent. We want to assure you that we go to great lengths in an attempt to protect our systems from compromise, including regularly hiring expert consultants to attempt to “hack” our systems, and recommend even further security enhancements. Even with all those efforts, no organization is totally immune from hackers.
It’s also important to remember that generally if fraud ever occurs on your account, we will reimburse you for losses, even if the breach occurred at a merchant or retailer. While this is clearly the right thing for us to do, we should also remember that those fraud losses end up being borne by the credit union and its membership overall, not the merchant or retailer that was the source of the breach.
There are things we as consumers can do to reduce the possibility of our accounts being compromised. More and more these days it seems merchants, online payment processors, and others ask consumers for their bank or credit union checking account numbers. Some merchants even offer their own “debit cards” that directly access your checking account. If you provide your checking account number, you may be increasing the chances that your checking account could be hacked. We suggest that you be very, very restrictive in providing your checking account number information to anyone, including “larger” organizations that may appear “safe” due to their size. Your One Nevada debit or credit card is always the better choice for purchases.
It’s also a good idea to closely monitor your accounts often. With online and mobile banking, it’s easy, quick and free. We also now offer free debit alerts – we will send you a text or email each time a debit transaction in excess of a certain amount occurs on your account.
We continue to work hard to protect your data and funds every day.
Thank you for your membership.
Bradley W. Beal
President and CEO