Awareness is your best defense against fraud and scams in today’s digital world. As your trusted community bank, we’re committed to keeping you informed and equipped to protect your finances and personal information. Here are some common scams to watch for and tips on how to safeguard yourself.
Common Types of Fraud:
- Phishing Scams
Phishing involves deceitful emails or messages that appear to come from legitimate sources, asking you to provide personal information. Always check the sender’s email address and avoid clicking on suspicious links. Read more about how to spot a phishing scam.
- Identity Theft
This occurs when someone steals your personal information—like Social Security numbers or bank details—to commit fraud. Safeguard your personal documents and monitor your financial statements regularly. Listen to our Fraud 101 podcast.
- Tech Support Scams
Fraudsters may impersonate tech support representatives, claiming there’s a problem with your computer. If you receive unsolicited calls asking for access to your device, hang up and verify through official channels.
- Lottery and Prize Scams
You may receive messages claiming you’ve won a lottery or prize. Be skeptical if you’re asked to pay fees to claim your winnings. Legitimate contests don’t require upfront payment.
Tips to Protect Yourself:
- Educate Yourself and Others
Stay informed about the latest scams and share this information with family and friends. The more people who know, the harder it is for scammers to succeed.
- Use Strong Passwords
Create complex passwords that combine letters, numbers, and symbols. Change them regularly and avoid using the same password for multiple accounts. Read more – Nine ways to protect yourself and your devices.
- Monitor Your Accounts
Regularly review your bank statements and transaction history for any suspicious activity. Set up alerts for transactions over a certain amount. Watch the video – How to Set Up Digital Alerts.
- Be Cautious Online
When sharing information online, ensure the site is secure (look for “https://” in the URL) and avoid oversharing on social media.
- Trust Your Instincts
If something seems too good to be true, it probably is. Always take a moment to evaluate before taking any action.
What to Do If You Suspect Fraud
If you believe you’ve been targeted by a scam, act quickly:
- Contact Your Bank: Report any suspicious activity immediately.
- Change Your Passwords: Secure your online accounts by updating your passwords.
- Report the Scam: File a report with local authorities and consider notifying the Federal Trade Commission (FTC).
At Pillar Bank, we prioritize your safety and security. By staying informed and vigilant, you can help protect yourself and your loved ones from fraud and scams. If you have any questions or need assistance, don’t hesitate to reach out to us. Together, we can create a safer financial community!