Rick Crandall’s Post

🗞️ NEW Thought Leadership NCC White Paper Writing Paper Checks Is Not Safe ❌ Cyber Security Goes Well Beyond Your Computer or Phone 🛡️ By Rick Crandall https://hubs.la/Q02JXHx-0 SUMMARY This NCC white paper discusses the risks associated with writing paper checks and provides alternatives for making payments. Writing checks discloses information that can be easily used by bad actors to empty your account. All a forger needs are your bank routing number, name, and checking account number, which are shown on every check you write. We emphasize the importance of treating your checking account number as confidential and you can inform your bank to eliminate physical check writing as an account feature. An example of a real experience with a fake check is provided. Alternatives to checks are provided, such as credit cards and mobile payment apps. The level of protection once you detect fraudulent checks depends on the policy and practice of the bank. Additional actions suggested include using identity theft-protection services, opting for multi-factor authentication, and using a separate checking account with a low balance for writing checks. Also emphasized are whitelisting services offered by some banks to protect check recipients and ACH transfers. You may have thought that the only checks your bank will cash against your account must have your signature. That is not true, you can verify that by asking your bank. All a forger needs are your bank routing number (public information), your name (also public) and your checking account number (shown on every check you write). The key is your checking account number – you must treat this as confidential, which means – stop writing and sending checks altogether – and inform your bank you want physical check writing eliminated as an account feature. Counterfeit checks: There is no standard for check appearance. Someone can easily use your bank account, name and routing numbers to create fake checks and use them to pay for goods and services. A criminal can also easily alter a real check, and your bank will cash that too. Since checks can take days to clear, it may be some time before you realize you’ve been targeted.

“Generative AI presents both opportunities and risks for enterprise software companies. Many are in the early prototyping and experimentation phase, using it for internal operations, and then building it into products to release externally" - says Rick Crandall in conversation with Pari Natarajan, on our latest #ZinnovPodcast episode. A technology veteran, an avid mountain climber, and an author - Rick Crandall dons many hats. With an extensive career spanning over two decades, Rick stands out as a visionary leader, celebrated for his transformative contributions to the technology sector. In this episode, Rick distills a compelling vision from his unique vantage point as he shares his perspectives - On AI - the promise and perils of rapid experimentation,  On planning - geopolitical tremors demand vigilance,  On talent - winning the escalating war for scarce skills,  On deals - unlocking value from renewed M&A and IPOs,  And on leadership - instilling purpose and agility amid uncertainty. Don’t miss this episode! Tune in now: https://bit.ly/3tZAFht. Donnelley Financial Solutions (DFIN) #EnterpriseSoftware #Leadership #Podcast #AI