Tools and Resources - StonehamBank

Thanksgiving Day and App Update

All StonehamBank offices will be closed on Thursday, November 27th in observance of Thanksgiving Day. As always, our ATM's, Online and Mobile Banking will be available for your convenience.

REMINDER: A new and improved Card Control app is coming on December 9th, giving you more control, convenience, and security over your StonehamBank debit card. An update is required for iOS users to access the new features.

If you need assistance or have any questions, our team is here to help—please call us at 888-402-2265. We’re happy to assist!

What is a Corporate Account Takeover?

Corporate Account Takeover occurs when cybercriminals gain unauthorized access to business accounts using various online tools. These tools range from emails and social engineering techniques to computer intrusion via the installation of malware. Leveraging these tools, cybercriminals can access online banking accounts and gather applicable information to conduct financial crimes.

BOLO – Be on the Lookout

Fraudsters are known to target key individuals from institutions, where they craft an email impersonating a legitimate email and direct employees to conduct wires, making changes to direct deposit information or make payments.
According to the FBI, business email is being compromised at an all-time high and exposed losses are increasing every year.

Protect Yourself and Your Company

You can protect yourself and your company by deploying technical and operational controls:

Technical controls include the use of a firewall, antivirus, patching, and dedicated PC to perform banking activities.
Operational Controls include reviewing daily account activity, reconciling accounts, enrolling in bank alerts via email or text, and setting dual controls.