Fraud
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How to Avoid Becoming an Unwitting Money Mule
February 21, 2020
Categories: Fraud
Becoming a money mule may sound like something that only happens in the movies, but it can happen to anyone — sometimes without even realizing it. Being educated about how criminals use and recruit money mules can help you avoid unknowingly aiding criminal activity. What Is a Money Mule? The FBI defines a money mule as a person who transfers illegally acquired money on behalf of or at the direction of another. Criminals often use online tools, such as job postings, social media, dating...
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Phishing Scams Around the Holidays
December 13, 2019
Categories: Debit Cards, Fraud
With the holidays right around the corner, ‘tis the season for fraud. We’re hearing reports of an uptick in phishing scam attempts, and we feel it’s important to pass that along to you, our customers. To protect yourself from these aggressive phishing attempts, we’re sharing tips and what to do if you fall victim. About Phishing Phishing attacks aim to dupe a victim into releasing sensitive information that can be used for identity theft. These attacks are...
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What consumers should do in case of a data breach
April 13, 2018
Many well-known companies have been victims of data breaches the past few years, in some cases with millions of consumers being affected. While you can’t stop a cybercriminal from targeting businesses, here are some “to-do” items in case your information is included in a data breach. What to do in case of a data breach If a company you frequent is hit with a data breach, do not overreact. It does not mean you are a victim of a cyberattack. It simply means that some of your information...
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How to practice safe mobile banking
April 5, 2018
Mobile banking is rising in popularity. According to a survey conducted by the American Bankers Association, about one-third of Americans have made deposits through mobile devices in the past year. Like with all technological advances, as more people adopt them, it becomes increasingly important to know how to protect yourself from online threats and utilize safe mobile banking. 9 questions to ask yourself when banking on a mobile device Is my account safe? One of the biggest advantages...
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Use Data Privacy Day as an excuse to ensure your data is protected
January 16, 2018
Categories: Financial Literacy, Fraud, Security
In today’s digital society, protecting data has become increasingly important – so much that there is a specific day set aside to commemorate how crucial it has become. Sunday, Jan. 28, is Data Privacy Day. With that in mind, FTSB wants to ensure consumers know how to determine their digital information is secure. About 15 million people in the U.S. alone have their identities stolen each year, and those cases result in financial losses of around $50 billion. Practicing safe online...