Five Tips to Avoid One of America’s Most Costly Scams Wire Fraud. Picture this: You’ve saved $75,000 — your entire life savings for a down payment on a new home. You spent months looking and finally found your dream house. Your offer’s been accepted, your mortgage approved and closing day is set. You’re over the moon. Before you close, you’re emailed wire instructions on where… Read More
The Skinny on Skimming: 5 Tips to Protect Your Money at the ATM A recent report finds that illegal card skimming continues to grow and has cost consumers more than $2 billion. Skimming is big business, netting crooks an average of $50,000 ($50,000!) each time. Unfortunately, skimming is an increasingly popular method for thieves to steal credit or debit card numbers and PINs, where cardholders swipe to pay… Read More
Tips to Avoid Becoming a Victim of Wire Fraud Wire transfers can be a convenient way to send guaranteed funds quickly. That makes them an attractive way for criminals to steal funds. Fortunately, our crack team of fraud prevention experts here at FirstBank has some advice to help you protect your hard-earned money and prevent you from becoming a victim of wire fraud. Before… Read More
Smart Tech Tips to Stop Identity Thieves from Stealing Your Information Did you know identity thefts occur more in the summer than any other season? In fact, there’s been a significant increase in identity theft cases—over the summer travel season—since 2010. According to the US Travel Insurance Association (USTIA), the increase in social media, mobile capabilities and lax consumer behavior are responsible for the spike. Because… Read More