From fake calls from the Internal Revenue Service to fraudulent tech support calls about your computer, scams are on the rise. According to the Federal Trade Commission, consumers lost more than $10 billion to fraud in 2023 and $12.5 billion in 2024.
One of the best things you can do to ensure financial security is to dodge the many scams out there. But how do you do that? Here are some ways to avoid scams.
From your bank accounts and social media to your streaming and cellphone services, your digital life is packed with passwords. And while managing your accounts and services online can make life more convenient, it can also put your personal and financial information at risk, especially if you don’t manage your passwords properly.
Believe it or not, child identity theft is a big deal. According to a study, from 2021 to 2022, 900,000 children were the victims of identity fraud, with kids under seven the most likely targets. Let’s take a look at this issue and find ways to prevent it from ever happening.
Identity theft occurs when someone illegally uses your personal information, such as your Social Security number, bank account details, or credit card information, to commit fraud or other crimes. This can lead to unauthorized transactions, draining of bank accounts, and even legal complications for the victim. The financial and emotional toll of identity theft can be overwhelming, making it essential for bank customers to be vigilant and proactive.
Phishing is a fraudulent attempt to obtain sensitive information by pretending to be a trustworthy entity in digital communication. Cybercriminals often masquerade as banks, payment systems, or other financial institutions to lure you into providing personal information such as login credentials, credit card numbers, and social security numbers.
In today's digital age, convenience and efficiency often come with hidden risks. One such danger lurking in the shadows of the online world is the fraudulent activity associated with pop-up ads. While surfing the web or managing your finances online, you might encounter these seemingly harmless windows. However, they can be gateways to scams designed to exploit unsuspecting bank customers.
If you think you’re a victim of fraud and haven’t already put your credit on ice, contact the three main credit reporting agencies and freeze your credit. You won’t regret it.
Whether you’re on vacation or taking a trip to the grocery store, the convenience of mobile banking is undeniable. With just a few taps on your smartphone, you can check your balance, transfer funds, pay bills, deposit checks, and more. However, this convenience can come with security risks, especially when banking in public places or using public Wi-Fi networks.
Have you ever heard of check washing? It's a clever scam where thieves steal your check from your mailbox and then wash off the writing, so they can add in their own information. It's a frightening thought, but there is a simple solution to prevent this from happening: using a gel pen. Let’s dive deeper into how you can keep your finances safe.
Can You Spot a Phishing Scam? Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online and mobile banking, the problem is only growing worse. In fact, the Federal Trade Commission’s report on fraud estimates that American consumers lost a staggering $5.8 billion to phishing scams and other fraud in 2021—an increase of more than 70 percent over 2020.
Cybersecurity Ventures is excited to release this special second annual edition of the Cybersecurity Almanac, a handbook containing the most pertinent statistics and information for understanding cybercrime and the cybersecurity market.
While the number of monthly robocalls has dropped to 1.1 billion from 2.1 billion in the past year, according to a leading robocall-filtering company, Text phishing, or 'smishing' attacks spam are up to 12 billion a month from 1 billion.
Cybersecurity has become a watchword of the 2020s. With the boom in work-from-home sparked by the global health crisis, alongside the ever-evolving role of technology in our daily lives, robust cybersecurity has become a cornerstone of how we work and play. Staying on top of what’s trending – and what’s lurking in the shadows – has never been so important. Today we take a closer look at cybersecurity risks and to watch out for in 2022, amongst the ongoing trends in the industry, and why they mat
The lure of last-minute deals to get away after staying home for the last 2 years is so strong, scammers are using it to their advantage with scams intent on stealing online credentials. Who wouldn’t like to get a great deal on a flight, a hotel, or an all-inclusive weekend in paradise? Phishing scammers know this and are impersonating tour companies, hotel chains, airlines and more as part of attacks that seek to deliver credential-stealing trojan malware.
Summer is a popular time to travel whether it be for a relaxing overnight or a week away exploring a new destination. You are likely taking along that smartphone or other device to assist with directions, locating or identifying points of interest, and capturing that special photo. Practicing good cyber hygiene before, during, and after your trip will help secure your devices and allow you to connect with confidence when you’re away from home.
It’s hard enough to stay secure nowadays, and that task is even more daunting now that we rely so heavily on mobile devices. There is a ton of great advice out there, but we've narrowed it down to the 6 top things you should do to keep your mobile devices secure.
Whenever a potential fraudulent transaction occurs on your Premier debit card, our fraud notification system will immediately call or text you.
Identity theft occurs when someone acquires your personal information and uses it without your knowledge to commit fraud or theft.
Order a copy of your credit report from each of the three major credit-reporting agencies every year. Make sure it is accurate.
