10 Common Scams You Should be Aware Of

With cybersecurity awareness on the rise, it’s important to stay up to date on the most common fraud scams that take advantage of innocent consumers daily. In fact, the Federal Trade Commission recorded around 2.8 million consumer fraud reports just last year. Here are 10 common fraud scams you should be aware of to ensure… Read More

Card Fraud is Soaring: Here’s How to Protect Yourself

According to the Federal Trade Commission’s (FTC) most recent study, consumers reported nearly 400,000 credit card fraud cases in 2021, resulting in losses totaling over $180 million. While card fraud is an unfortunate reality for many, with some preparation and vigilance, you can prevent becoming a victim. Here’s where to start. Secure Important Documents Your… Read More

Latest Scam Alert: Avoid Becoming a Victim of Donation Fraud

Unfortunately, when disaster strikes, criminals often use tragedies to exploit those who want to help. Donation fraud can happen at any time and has become even easier to commit because of current technology. With the Marshall and Middle Fork fires in Colorado, FirstBank is here to help protect you from scammers who want to take… Read More

Millennials Are More Likely to be Fraud Victims Than Their Parents

Millennials are widely — and correctly — regarded as tech-savvy, digital enthusiasts. But when it comes to e-commerce, the surprising truth is that millennials are 25% more likely to report losing money to fraud than people over the age of 40, according to the FTC. Analysts have suggested that traits unique to the millennial generation… Read More

Online Shopping Has Changed Fraud, Here’s How to Protect Yourself

Shopping is increasingly done online, and unfortunately fraud has followed suit. According to national credit reporting agency, TransUnion, suspected eCommerce fraud increased by 12 percent during the first month of the COVID pandemic. Luckily, we’re here to offer some helpful advice that can help protect you from becoming a victim. More online transactions can make… Read More

Latest Scam Alert: Unemployment Insurance Fraud

The Scam The pandemic has caused unemployment claims to sustain record levels, which has also led to an increase in unemployment insurance fraud. Scammers are posing as their victims and using stolen identities to submit fraudulent unemployment insurance claims online. According to the FBI, fraudsters are obtaining personal information from phishing schemes, cold calling victims,… Read More

Latest Scam Alert: Beware of Text Messages or Calls Appearing From Your Bank

The Scam Over the years, there have been a growing number of “spoofing” attempts being made in the financial industry, including on FirstBank customers. Fraudsters are using falsified caller ID numbers — or what appears to be legitimate text messages — to trick FirstBank customers into providing sensitive information. These scammers are either acting as… Read More

Latest Scam Alert: Card Fraud and What to Do If You are a Victim

The Scam One of the most common scams today is card fraud, the unauthorized use of a credit or debit card to fraudulently obtain money or property. Fraudsters use multiple tactics to collect this information, including copying your card’s magnetic strip (known as skimming), intercepting your card in the mail, or using a strategy called “formjacking,” where… Read More

Four Ways to Prevent Identity Theft From Happening to You This Holiday Season

Could the holidays make us more vulnerable to identity theft? According to experts, it can. And while fraud is a year-round problem, the holidays offer an especially opportune time for thieves. Think about it: purchasing multiple gifts — whether it’s online or in the store — increases exposure to our financial information, and sometimes that… Read More