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Cornhusker Bank is pleased to welcome you to our blog. You’ll find tips and advice from our collaborative associates, as well as updates on the bank and events. Cornhusker Bank associates feel it is important to share insights and we love bringing you into the conversation. Our posts on this blog are an extension of our relationship with you, and we hope you find value here which proves our commitment to your success!

3 Types of Identity Theft College Students Should Be Aware Of

By: Eva Velasquez

Identity theft is one of the hardest-hitting crimes that consumers face, largely because it’s easy to pull off. Whether through old-fashioned means like dumpster-diving or stealing your driver’s license, or through more sophisticated cyber crimes like hacking into a university network, thieves can make off with your entire identity before you even know your information was compromised.

There are a lot of steps that college students can take to prevent this crime. Passcode and password locking their hardware, shredding those pesky pre-approved credit card offers, locking their dorm rooms … the list goes on. But what too many college students aren’t aware of is the wide variety of crimes that fall under identity theft.

Most individuals typically envision identity theft as someone using their credit card or opening a new account in their name. And that’s still a major threat, with the overwhelming majority of cases involving financial identity theft. But don’t be fooled into thinking your identity is safe just because your credit card hasn’t been compromised.

  • Criminal identity theft: College students are particularly susceptible to criminal identity theft, considering they live near so many strangers. If someone in your dorm or apartment building uses your identity at the time of arrest—simply because they know your name, apartment number or other minor details—you could be left facing charges for the unresolved issue. If this person happens to have borrowed or stolen your driver’s license, perhaps because you’re old enough to purchase alcohol and they’re not, then they may even be able to provide your complete identity to the police. You never find out about the incident, and therefore you never resolve it until a warrant is issued for your arrest.
  • Medical identity theft: Much like criminal identity theft, college students have to safeguard their identities against people who want to use them to secure medical care. It might be something that seems harmless on the surface. Maybe, a girl in your building needs a way to access birth control without alerting her parents. But it can also be something very serious, such as someone stealing your identity in order to get a prescription for controlled substances. Not only can your medical record permanently reflect care that you never received, but you could find yourself involved in a crime if those prescriptions are then used for illegal distribution.
  • Internet takeover: One of the scariest identity theft crimes for young people to envision just might be internet takeover. While the other forms of the crime are alarming, they can more easily be resolved. But when someone takes over your technology or gains access to your accounts, the fear of long-term damage is very real. They may just lock you out of your accounts for the fun of it, but it could lead to expulsion and lost job opportunities if a hacker takes over your university account and deletes your work, or accesses your Facebook account and uses it to post hate speech, embarrassing photos, or other potentially harmful content.

So what are college students supposed to do to protect their identities? The first step is to understand the different ways identity theft can hurt you. From there, it’s important to safeguard your information, your documents, even your computer, and to keep others from nabbing your sensitive data. Never give out your university passwords, your account passwords, or even your personal documents. You can be implicated in any crimes that are committed under your identity, and you can face lifelong

Eva Velasquez is president and CEO of the Identity Theft Resource Center.

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Congratulations to Tammi Gusler, the 2016 recipient of the Cornhusker Bank Golden Apple Award of Excellence and to Adam Boyle, the 2016 recipient of the Cornhusker Bank 360 Award of Excellence.

The Golden Apple Award of Excellence is presented to the general associate best representing bank standards of excellence.  Ms. Gusler’s position as Loan Servicing Supervisor utilizes her ability to supervise staff, allocating and coordination of work flow in the daily operational responsibilities of the loan administration department.  Tammi “has worked diligently to bring teamwork and respect to her team members and the customers they serve” according to one team member.

The 360 Award of Excellence is presented to a bank officer displaying the highest standards of excellence.  Mr. Boyle serves the bank and its customers as Information Systems Officer.  He is responsible for ensuring the integrity, security, availability, redundancy and efficiencies of the bank’s core data processing and ancillary banking software applications.  Adam is known for his ability to answer questions in a very positive way and embodies a positive attitude.  “Adam is an excellent example of the bank’s 360 Model in action.”

Vacation/Travel Scams to Avoid

Vacation is supposed to be a time to unwind. Unfortunately, there are thieves who are waiting to strike when we let our guard down. That’s why it pays to keep customers updated on the latest travel scams.

Here are five all-too-common scams for customers to watch for:

  1. Fake Deals – Many destinations offer deals on luxury items, but some sellers of gems, jewelry and antiques are scam artists who take a percentage of the agreed sale price, with the rest payable upon delivery. The outcome: Customers lose the down payment and be left waiting for a delivery that never comes. Avoid the scam by shopping at reputable retailers in the area.
  2. Front Desk Scam – Hotel guests should beware if they get a late night call from the front desk claiming their credit card has been declined. Avoid the scam by hanging up or calling the front desk yourself.
  3. Fake Police – You may be approached by someone posing as a police officer, demanding to see—and finding fault with—their identification or accusing them of having committed a crime. If he is willing to overlook the incident for a small fee, it’s a scam. Avoid the scam by knowing where the local police station, hospital and U.S. Embassy are located and offering to drive there to pay the fine.
  4. Photo Bombs – A bystander may offer to take your picture, and when you accept he informs you of the fee. Or, you hand over your phone and he takes off with it. Avoid the scam by just saying no or negotiating prices in advance. Use selfie sticks, too.
  5. Taxi Fare Scam – When a cab fare seems high, it may be due to rigged meters or drivers taking needlessly long routes. Avoid the scam by only taking licensed taxis and determining the fare in advance.

To find out how you can work with a fraud specialist to help manage and protect your identity, contact a personal banker.

Cornhusker Bank Mortgage Originators Recognized by NMA

Cornhusker Bank congratulates the members of its mortgage team recently recognized for the second consecutive year by the Nebraska Mortgage Association (NMA) as members of the 2016 Champions Circle.   Mortgage Loan Originators, Mike Barrett, Andrew Essay, Matt Gutschenritter and Luke Mitchell were recognized at the NMA luncheon in Omaha on Sept. 22nd.  This recognition celebrates and honors the dedication and hard work mortgage professionals put into serving their clients during the home loan process.  Benchmarks for being recognized include origination of either 100 loans or $12 Million in volume in the previous 12 month period.  All four mortgage originators from Cornhusker Bank exceeded both benchmarks.

Cornhusker Bank remains Lincoln’s oldest locally owned bank, demonstrating hometown heart, stability, soundness and continued commitment to the success of its valued customers and associates.

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Pictured, left to right are Luke Mitchell, Matt Gutschenritter, Andrew Essay and Mike Barrettv

Mission Possible: Protecting Military Personnel

It’s a sad reality: when military personnel are away for long periods, criminals often target their identities.

Compared to the rest of consumers, military personnel experience, “28 percent higher rates of new-account fraud and 18 percent higher rates of familiar fraud,” according to Javelin Strategy & Research. New account fraud happens when someone obtains new credit using your personal information. And familiar fraud is when someone you know, such as a friend, fellow service member or family member uses your information for personal gain.

When thieves are successful, service members may encounter big financial and time-related headaches when they return home. Before they ship off, they should follow these three steps:

•    Place an active duty alert—Adding an active duty alert to your credit files indicates that businesses need to be extra careful about verifying your identity before granting credit in your name.

•    Review your credit report—Understanding where your credit stands before you leave will make it much easier to spot fraud when you get back. Visit http://www.annualcreditreport.com for free copies of your current credit report.

•    Carefully consider your power of attorney (POA)—While you may need to assign a POA to handle personal or business affairs while you are deployed, use extreme caution because your POA is legally allowed to make decisions on your behalf for whatever is stipulated in the POA agreement. So ensure you can fully trust the person. And only give them power over things that cannot be left until you return.

To find out how you can work with a fraud specialist to help manage and protect your identity, contact a personal banker.

Who is Most Vulnerable to Identity Theft?

Think identity theft mostly happens to older people? Or to high-income earners? The truth is that identity thieves focus their efforts wherever the opportunities are, and there are plenty of opportunities across most age groups.

Identity theft complaints are on the rise, with 16 percent of consumers filing reports, up from the previous year, according to the Federal Trade Commission’s 2016 Consumer Sentinel Network Databook.

Tax- or wage-related fraud was the most common reported identity-related fraud, accounting for 45 percent of consumer complaints, followed by credit card fraud and phone or utilities fraud representing 16 and 10 percent of complaints, respectively.

Most Affected Groups

For our nation’s service members, identity theft remains the number one complaint, unfortunately. And while in past years consumers of all ages reported incidents of the crime at relatively similar rates, the numbers now paint a different picture. Consumers between the ages of 40 and 69 are reporting identity theft at higher rates, suggesting a growing awareness of this crime—and vulnerability.

Here’s a look at three groups identity thieves target and why.

Seniors

More seniors are reporting identity theft. Consumers between the ages of 40-49 and 50-59 accounted for 15 percent and 24 percent of complaints, respectively, both up from the previous year. And the numbers for seniors are likely to be even higher, according to an AARP survey which found that “victims 55 years of age and older were significantly less likely to acknowledge that they were defrauded than victims under 55.” All-too-common scams include tax identity theft, medical identity theft and fraud committed by nursing home and long-term care staff

Military Personnel

Service members are reporting identity theft at a higher rate—30 percent—than the previous year. And they’re experiencing more familiar fraud and new-account fraud than most populations, according to the 2015 Identity Fraud Report from Javelin Strategy & Research. The military has used personally identifying information (PII), such as Social Security numbers, as general identifiers for personnel, which increases theft risks. Moreover, deployed military personnel who do not place an active duty alert on their credit files are easy targets for friends or family members.

College Students

Identity theft complaints among college-age students may have dropped slightly, but this group is four times more likely to have their identity stolen through familiar fraud than other populations, according to the 2015 Identity Fraud Study by Javelin Strategy & Research. Much of the issue is likely due to awareness of behaviors that may put them at risk, as well as limited understanding of the costs and challenges of identity theft. For example, students are often very aware of computer security, but they share personal information widely and may not understand the importance of locking away or shredding important documents and IDs, and regularly checking their credit reports.

If you suspect you’re a victim of identity theft or wish to proactively manage your identity, check with your personal banker to find out how you can work with a fraud specialist to help manage and protect your identity.

Blue Ribbon Support of Law Enforcement Personnel Promoted by Cornhusker Bank

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Inspired by the story of Vicki Lamb wanting to show her support for law enforcement personnel by tying blue ribbons to tree trunks which was reported in the Lincoln Journal Star on July 20th, Cornhusker Bank is following her lead. All Cornhusker Bank locations will be placing blue ribbons on trees around the branches. We will also be offering to anyone in the community who wishes to place a ribbon around their trees with a ribbon if they stop by a branch and ask for it beginning Monday, July 25th.

Cornhusker Bank and its associates value the work our police officers do. John Dittman, Chairman noted, “We greatly appreciate Ms. Lamb’s idea of showing support for the law enforcement personnel in our community. We hope people will stop by any Cornhusker Bank location for free blue ribbons to show their support.”

Cornhusker Bank remains Lincoln’s oldest locally owned bank, demonstrating hometown heart, stability, soundness and continued commitment to the success of its valued customers and associates.

Read Vicki Lamb Article

Fraud Rates Hold Steady While Thieves Shift Gears

Identity thieves are opening new accounts to commit fraud with much more frequency, and chip cards may be behind this shift, a recent report shows.

In new account fraud, criminals use stolen or falsified identities to open new credit card accounts with the intention of committing fraud. This crime nearly doubled in 2015, according to the 2016 Identity Fraud Report from Javelin Strategy & Research.

The reason why? U.S. financial institutions have begun issuing credit and debit cards that use an embedded microchip to authorize a transaction. Chip cards, also known as EMV (Europay, MasterCard and Visa, early advocates of the technology), are harder to counterfeit than their magnetic stripe counterparts. So criminals have begun using stolen personal information, such as Social Security numbers, to open new credit cards and run up charges in victims’ names.

“With the much-anticipated U.S. shift to EMV well underway, fraudsters are transitioning along with consumers,” the Javelin report said. “This drove a doubling in the frequency of new account fraud,” that is a 113 percent increase in incidents of new account fraud, which now accounts for 20 percent of all fraud losses.

The results are to be expected. Many experts predicted that EMV wouldn’t end fraud, but shift it to other forms, putting pressure on financial institutions and retailers to react.

“Fraud is changing in a way that makes it more dangerous,” said Al Pascual, director of fraud and security at Javelin. “There is some troubling news, but some good news, too.”

The Javelin report found other new trends related to identity theft. More than 13 million consumers fell victim to identity theft fraud in 2015, a small, 3 percent increase over the firm’s 2014 findings. And total fraud losses reached a staggering $15 billion.

And consumers are experiencing more headaches. For example, detecting new account fraud and recovering from it is much more complex than disputing fraudulent charges on an existing card.

Other important findings:

  • 1 in 5 data breach victims experience fraud
  • 1 in 5 fraud victims had a card misused internationally
  • 64 percent more Social Security numbers were exposed in 2015 than in 2014
  • 6 million consumers were victims of card-not-present fraud—when a physical card isn’t needed to commit fraud, like in online or telephone shopping.

Contact your personal banker if you suspect you’ve been a victim of fraud.

Introducing Cornhusker Insurance and Financial Services Group

To serve the needs of our customers, Cornhusker Bank is pleased to announce the formation of a new division within the bank. The Cornhusker Insurance and Financial Services Group will combine Cornhusker Insurance, with all of its current insurance Agents and Customer Service Representatives, and the new Financial Services component. This new department is currently working out of the bank’s Apple’s Way location.

This group will be led by Jason Schluckebier who has been hired as VP/Financial Services Advisor. Mr. Schluckebier is a Registered Financial Consultant (RFC), a Financial Services Specialist (FSS), and is a SEC Registered Representative for Series 6 and 63 securities. Jason has served in the financial services industry for over fifteen years. The bank will be adding additional Financial Service Advisors in the future, who will also have insurance and securities licensing. Series 6 and 63 securities licensing are special licenses to sell securities. The Series 6 license is a limited-investment securities license which allows its holders to sell “packaged” investment products such as mutual funds, variable annuities and unit investment trusts.

CI&FSGpix_webAssociates of the Cornhusker Insurance and Financial Services Group left to right are: Ginger Woodring, Tom Janecek, Terry Stull, Jason Schluckebier, Ashley Burson, Rockne Sorensen, and Sharon Samek.

Financial specialists in this group will meet with customers to help them determine their short-term and long-term financial goals. Products the specialists in this group can offer after a needs assessment  include life insurance, investment services, retirement and college savings, depository products such as certificates of deposit, annuities, 401(k)s, along with other financial services.

The bank’s Wealth Management department is led by Kevinkevin_deaver Deaver, EVP/CFP, with a focus on fee-based management solutions. Wealth Management services include designing and managing corporate 401(k) programs, estate planning, wealth transfer and long-term financial planning and proactive asset management.

Jack Becwar, CFP®
6100 Apple’s Way, Lincoln NE 68516
(402) 434-2279

Kevin Deaver, CFP®
6100 Apple’s Way, Lincoln NE 68516
(402) 434-9331

*Securities offered through Securities America, Inc., Member FINRA/SIPC, http://www.finra.org, http://www.sipc.org. Advisory services offered through Securities America Advisors, Inc., a SEC Registered Investment Advisory Firm, Kevin Deaver, Financial Advisor and Jack Becwar, Financial Advisor. Written by Securities America for distribution by Kevin Deaver and Jack Becwar.
Cornhusker Bank Wealth Management and Cornhusker Bank are not affiliated with the Securities America companies.
Not FDIC Insured • No Bank Guarantee • May Lose Value • Not A Deposit • Not Insured By Any Federal Government Agency

Cornhusker Bank Honored with University of Nebraska-Lincoln College of Business Administration Advisory Board Award

The University of Nebraska-Lincoln College of Business Administration held its Advisory Board Annual Awards Luncheon on Friday, April 15, 2016.  The awards recognize the outstanding accomplishments of business leaders and corporations in the state of Nebraska and the world.

Cornhusker Bank was honored to be awarded with the Corporate Leadership Award, which recognizes excellence in Nebraska-based companies that are successful, dynamic and have a high level of commitment to their communities, customers and employees.

UNL award 2Donde Plowman, John Dittman and Jeff Nordhoek at the UNL/CBA Awards Luncheon.