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
Cybersecurity Awareness Month October is National Cyber Security Awareness month. Here are five quick and easy tips to keep your money safe this Fall and beyond. … 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
Five Ways to Spot and Prevent Financial Theft Against Seniors Financial elder abuse, where senior citizens are manipulated for financial gain, is a growing problem. According to the National Adult Protective Services Association (NAPSA), one in 20 seniors indicated some form of financial abuse or theft. Fraud and financial elder abuse costs older Americans more than $36.5 billion annually. What’s worse, 90 percent of the “abusers”… Read More
Six Warning Signs All Daters Should Look for This Summer Longer days, warmer nights, relaxed vibes, rooftop patios, pool gatherings, weddings and BBQs. It’s no wonder why the summer months show one of the larger spikes in online dating activity as singles look to share their summertime fun and seasonal events with someone special. As easy as it may be to find someone on Match, Tinder… Read More
Equifax Cyberattack: Three Things You Should Do Equifax, one of the major credit reporting bureaus, announced a major cyber breach potentially affecting 143 million Americans. The data breach primarily involved names, Social Security numbers, birth dates, addresses, but in some cases, driver’s license and credit card and cash reserve account numbers. We suggest you take the time to thoroughly read the information… Read More