Freedom banking vendor targeted in cyber attack

Wednesday, December 16, 2020

Freedom Bank of Southern Missouri has confirmed that one of its data vendors, American Bank Systems (ABS), was victimized by a cybercriminal where certain systems of ABS were infected with malware, resulting in a data breach.

“Although Freedom Bank of Southern Missouri has no evidence of identity theft or fraud as a result of this incident, we have proactively increased security on all existing accounts through heightened monitoring and extra verification steps for our valued customers,” a press release from President and CEO Stan Kelley and CFO Ben Lindley said.

Immediately after receiving notice on Oct. 30 from ABS, Freedom began its process of working around the clock to get customer notices out through ABS as quickly and completely as possible. ABS has attempted to send the notice letter to all customers affected by the breach.

“At Freedom Bank, we care deeply about our customers and continue to prioritize protecting their personal information,” the press release said. “We have invested in experienced staff and have a forward-facing approach to keep customers safe by offering many checking accounts with features that enhance monitoring and security. We acknowledge that threats grow more sophisticated each day and will continue to focus on safeguarding customer information.

“Freedom Bank is appreciative of our customers and will provide updates on our website as more information becomes available about the ABS data breach. For updates, people may visit https://www.freedombk.com/about-us/security-updates.”

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