August 17, 2023

Bank employs many fraud detection tools to keep information safe

In our interconnected world, institutions must share data to fulfill even the most basic business functions. Recent news highlighted vulnerabilities in widely used software. This is an important reminder that we all must be vigilant in protecting our own information and financial accounts.

For our part, Northern Bank uses a number of automated fraud detection and analytical tools, some of which employ machine learning, to detect unusual activity that may be unauthorized. These tools alert our growing financial crimes prevention team, who then investigate, and act as needed. If there is a risk affecting your accounts that needs your attention – you will hear from us.

We also make a number of tools available to you so that you can protect your accounts.

Enable Alerts

Many of our individual clients take advantage of alerts that can be set up in our mobile app to notify them of transactions on their accounts.

Set Transaction Limits

Our mobile app users can also set specific transaction limits on their debit cards.

Activate Positive Pay

Many of our commercial clients take advantage of positive pay, which allows them to ensure that not a penny leaves their accounts without their prior approval.

Account Monitoring

Of course, one of the simplest (and still most effective) ways our customers protect themselves is by monitoring their account activity using internet banking, our mobile app, and other tools and then promptly alert us if anything is out of order.

As you can see, we have a wide array of capabilities to prevent and detect unauthorized activity on your accounts. We combine these capabilities with the professionalism and service that you have come to expect from us. And we won’t sit still. We are continuously improving upon our program as new threats and vulnerabilities emerge, and as new fraud prevention tools become available. This is what a true partner does.

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About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.87 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.

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