Blue Ribbon Support of Law Enforcement Personnel Promoted by Cornhusker Bank


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.