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From monthly archives: October 2019

We are pleased to present below all posts archived in 'October 2019'. If you still can't find what you are looking for, try using the search box.

Rise in Business Email Compromise; 3 Fraudulent Scams Impacting Businesses

Cybersecurity and fraud prevention are now essential to every business. The impact of fraudulent activity is staggering. In fact, according to Juniper research, cybercrimes have resulted in $2 trillion in losses in 2019 with an estimated $6 trillion per year by 2021¹. Although businesses of all sizes are not immune, it’s estimated that half of all cyberattacks are made against small-to-middle sized businesses. “Business cybersecurity and fraud schemes are here to stay and, unfortunately, criminals are only getting more sophisticated,” said Jon Moen, CTP, Senior Vice President, Director of Product, and previous Director of Treasury Management for First Bank. “It’s important to be prepared, educate your teams, and invest in the latest technological resources.” Although there are many fraudulent scams, currently, there are three types impacting businesses at an alarming rate as a result of Business Email Compromise (BEC). These include executive, vendor, and payrol ...

Everyone Should Have a Fortress of Solitude

Continuing its fourth generation of family ownership, Michael Dierberg serves as Chairman of the Board at FB Corporation (First Bank). You may recall in the 1978 film starring Christopher Reeve, Superman was orphaned as an infant and only learns about his extraterrestrial background later in life when he creates the Fortress of Solitude. Through the help of glowing crystals preserved from his childhood, holographic images of his parents interact with Superman to answer his questions and share the history and culture of his planet, community, and family. While there is much to the Fortress of Solitude that is beyond our own reach, we too can benefit from a greater connection to and knowledge from those who have come before us. We all have a desire to feel rooted to something meaningful, and can benefit from the wisdom of previous generations. Whether you are a leader of a company, a parent, or both, you can do a lot for those around you and the nex ...