According to the FTC, consumers reported losing $470 million to text message scams in 2024, a fivefold increase from 2020. The rise of text-message-based scams, known as smishing, has quickly become one of the fastest-growing threats to bank customers. With the Federal Bureau of Investigations (FBI) and Federal Trade Commission (FTC) issuing urgent warnings, now… Read More


Digital banking has made everyday transactions more convenient, but it has also given fraudsters new ways to target customers through email, text, and phone calls. An estimated 3.4 billion phishing emails are sent daily, often using realistic branding and convincing messages to trick individuals into sharing sensitive information. By understanding what banking scams look like,… Read More


In 2024, the FBI’s IC3 (Internet Crime Complaint Center) reported a total loss of $16.6 billion due to cyber-related scams. In the same year, the largest known cyber ransom in history, $75 million, was paid for an extortion attack on a Fortune 50 company. This growing security concern was the topic of FirstBank’s recent “Decrypting… Read More


Text message scams, also known as “phishing” or “smishing,” are fraudulent texts designed to trick victims into sharing personal information or clicking dangerous links. Scammers often pose as trusted brands or official companies and use urgency to prompt you to act quickly. These scams can result in identity theft, financial loss, and malware infections.  Fraudulent… Read More


Did you know elder financial abuse causes an estimated $28.3 billion in losses each year? This staggering dollar amount highlights a growing crisis affecting some of society’s most vulnerable individuals. Understanding the impact of elder financial abuse is the first step toward prevention and protection. Here’s what you need to know about elder financial abuse… Read More


Artificial Intelligence (AI) has become a fraudster’s best friend. Thanks to advances in voice cloning technology, fraudsters can now replicate the voices of loved ones or trusted individuals to deceive victims into giving up money or personal information. In fact, these scams have become incredibly widespread; recent studies show that AI voice scams have impacted… Read More


Los mensajes de texto falsos, conocidos como “phishing” o “smishing”, son estafas que buscan engañarte para que compartas tu información personal o hagas clic en enlaces peligrosos. Quienes estafan se hacen pasar por marcas conocidas o instituciones oficiales, y suelen usar mensajes urgentes para que actúes rápido. Estas estafas pueden causar robo de identidad, pérdidas… Read More


La inteligencia artificial (IA) se ha convertido en la aliada perfecta de los estafadores. Gracias a los avances en la tecnología de clonación de voz, ahora pueden imitar las voces de personas cercanas o de confianza para engañar y lograr que sus víctimas entreguen dinero o información personal. Estas estafas se están volviendo cada vez… Read More


La estafa. Con el paso de los años, ha habido un número creciente de intentos de “spoofing” en la industria financiera, incluidos clientes de FirstBank. Los estafadores utilizan números de identificación de llamadas falsificados —o mensajes de texto que parecen legítimos— para engañar a los clientes de FirstBank y hacer que proporcionen información confidencial. Estos… Read More