Can You Spot a Phishing Scam?
Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online banking and mobile payment services, the problem is only growing worse. In fact, the Federal Trade Commission’s report on fraud estimates that American consumers lost a staggering $3.3 billion to phishing schemes and other fraud in 2020. That’s nearly double what was lost in 2019, which means it’s time to put scammers in their place!
At First Federal Savings Bank, we’re committed to helping our customers protect their financial information and identity, which is why we partnered with the American Bankers Association (ABA) and other banks across the country in nationwide effort to fight phishing—one scam at a time.
Online scams aren’t so scary when you know what to look for, and we want every bank customer to become a pro at spotting phishing scams and other fraudulent schemes. Being knowledgeable in tactics that scammers use to commit fraud provides an extra layer of security and protection for your account. Because when you know how to spot scams and identify red flags, you’ll be less likely to be fooled.
Learning how to outsmart the scammers and spot them with one simple trick starts with these four words: Banks never ask that.
These top 3 phishing scams are full of red flags:
- Text Message: If you receive a text message from someone that claims to be from your bank and asks you to sign in, or offer up your personal information, it’s a scam! #BanksNeverAskThat
- Email: If you receive an email from a sender that claims to be from your bank and asks you to login, click a suspicious link or provide personal information, it’s a scam! #BanksNeverAskThat
- Phone Call: If you receive a phone call from a person claiming to be from your bank and asks you to verify your account number, it’s a scam! #BanksNeverAskThat
You’ve probably seen or experienced some of these scams before, but that doesn’t stop a scammer from trying! If you’re ever in doubt that a text, email or phone call is legitimate, just hang up and call the bank directly at the number you trust. We would be more than happy to help you verify the details of the request!
The more scamspotters there are, the harder it is for phishing criminals to catch their next victim, so we encourage you to share these tips with your family and friends! For more best practices and tips on how to spot scams, connect with us on social media or visit www.BanksNeverAskThat.com.