This newsletter helps educate about the importance of awareness and due diligence when banking electronically. It may give specific examples of what we're seeing with our customers in regards to fraud attempts and provide brief education as to how to bank online safely.
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Debt Consolidation Scam Costs Customer $1000s
We recently had a customer who was a victim of a debt consoludation scam. She was contacted by phone from a company claiming to specialize in debt consolidation and offering to help lower her monthly payments by paying smaller balances off with a cash advance.
Gone Phishing? Fraudsters Use Email Effectively
Phishing is the fraudulent practice of sending emails purporting to be from reputable companies in order to induce individuals to reveal personal information, such as passwords and credit card numbers.
Be Positively Sure to Avoid Check Fraud
Positive Pay could have prevented fraud. One of our business customers recently experienced the costly side of check fraud.
Check Fraud, Spoofing and a New Type of Attack
Counterfeit checks are a genuine threat as one of our business customers recently realized. They received a phone call from another bank asking them to verify checks that were being cashed.
Scam Alert: TurboTax Phishing Attack
There's currently a massive phishing scam that looks like it comes from TurboTax. The email tries to make you click on a link to "opt out" of sharing your personal information with others.
Wire Fraud on the Rise
Wire fraud is a virtual crime that costs businesses millions of dollars every year - and it's on the rise. According to a report by J.P. Morgan, 60 percent of businesses faced payment fraud in 2013 and roughly 95 percent of those endured financial losses that year.
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