Prevent Fraudsters From Making Your Bank a Victim with These Tips

Prevent Fraudster From Making Your Bank a Victim With These Tips By: Travelers, an ICBSD Preferred Partner Social engineering scams, such as fraudulent instruction, continue to affect consumers and businesses alike. In a bank’s case, fraudulent instruction occurs when an employee is tricked into transferring money from a customer’s account to somewhere else because a [...]
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People You Should Know: Tom Fogarty, Audit Partner at Eide Bailly

People You Should Know: Tom Fogarty, Audit Partner at Eide Bailly  Tom Fogarty may be an accountant, but he is far from the introverted, accountant stereotype. In fact, Tom’s social personality has carried him through a rewarding role with Eide Bailly serving the community banking industry in North Dakota and South Dakota for the past [...]
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People You Should Know: Reece Simpson

People You Should Know: Reece Simpson, Account Executive at SBS Cybersecurity   For the past three years, understanding cyber security and its impact on everyday life has been a passion for Reece Simpson.   “My interest in the cybersecurity industry was a direct result of landing a part time job at SBS Cyber Security while attending [...]
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Federal Delegate’s Report

Emily Hofer
Federal Delegate's Report By: Emily Hofer, ICBA National Director, Merchants State Bank- Freeman Summer has come and gone. School is back in session. We’ll see for how long! My third quarter column for “the Bottom Line” is usually a recount of the fantastic ICBSD retreat that should have happened in late July in the beautiful [...]
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When it comes to community, our bankers’ interest rates never vary!

Megan Olson, ICBSD President and CEO
Traditionally September marks the familiar transition from summer to fall, and the welcomed start of another routine school year allowing families to settle back into their normal routines. This September, things are definitely looking different as we all attempt to understand what our new “normal” looks like. Though these times of uncertainty are stressful, I [...]
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Ten Essential Cybersecurity Best Practices

The continued development of the internet has put the world at anyone’s fingertips, which has made protecting personal information much more critical. With the constant development of new technology, comes massive innovation, and nonetheless, massive vulnerabilities. Due to these vulnerabilities, breaches and security implications by digital attacks are becoming far too common in today’s fast-paced, [...]
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Home Equity Line of Credit Scams

Home Equity Line of Credit Scams Submitted by ICBSD Preferred Partners, Travelers Home Equity Line of Credit (HELOC) scams continue to be a costly and challenging issue for financial institutions. Wire transfer fraud can easily reach millions of dollars, and with advancements in technology, such as online databases for county clerk records, online banking and [...]
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ICBSD Urges Congress to Expeditiously Pass the Paycheck Protection Small Business Forgiveness Act

The Independent Bankers of South Dakota co-signed the below letter which was sent to Congress this week. In the letter we write to urge Congress to pass the Paycheck Protection Small Business Forgiveness Act as expeditiously as possible. This broadly supported, bipartisan and bicameral legislation would create a presumption of compliance for obtaining forgiveness for [...]
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State Assistance Program Requires Separate Accounts

State Assistance Program Requires Separate Accounts This article was featured in ICBA's NewWatch on September 9, 2020.  The new Lost Wage Assistance program that state unemployment agencies are administering requires states to use separate bank accounts from what they use for unemployment insurance and Pandemic Unemployment Assistance benefits. Because of this, banks have begun to [...]
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PPP Forgiveness Platform Now Live The Small Business Administration's Paycheck Protection Program forgiveness platform is live and scheduled to begin accepting loan-forgiveness applications and decisions today. An SBA user guide released last week provides details on the timeline, decision process, account management, and more. In a recent procedural notice, the SBA said all PPP Lender Authorizing Officials in the CAFS/ETRAN [...]
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