Search the Blog:
As modern technology advances, unfortunately so do the complexities of frauds and scams. In an age where digital transactions are commonplace and artificial intelligence (AI) can create convincing phishing emails and robocall scripts, staying informed about the latest scams is crucial for safeguarding your finances. Below is a roundup of some prevalent schemes that cybercriminals…
Read more
Most of us are familiar with phishing scams: you receive an urgent-sounding email instructing you to change your password, verify an order, or pay a bill to avoid some kind imminent risk or loss. These scams can be very convincing, and everyone should be diligent about protecting passwords, using strong passwords, not on clicking suspicious…
Read more
Federal banking regulations are essential frameworks established to ensure the safety, soundness, and efficient operation of the banking system, thereby protecting consumers and their money. These regulations cover a wide range of activities, from how financial institutions lend money to how they manage customers’/members’ deposits. Let’s take a detailed look at what these regulations are,…
Read more
In today’s digital age, where cyber threats and financial scams abound, safeguarding your hard-earned money has never been more critical. If you’ve fallen victim to fraud or identity theft, you’re likely exploring options to fortify your financial defenses. Two primary tools at your disposal are fraud alerts and credit freezes. Which one should you choose?…
Read more
Every year, cybercrime grows more sophisticated and maintaining your online security becomes more challenging and time-consuming. The bad news is that it’s likely not going to change anytime soon. The good news is that the means to strengthen your online security are evolving and becoming more effective. Make no mistake – there is no full-proof…
Read more
Having your home or other property stolen out from under you may seem highly unlikely to most people, but mortgage-related scams and fraud have become more sophisticated recently mainly because so many real estate transactions now take place entirely online. Let’s be clear – it is possible to buy or sell a piece of property…
Read more
Card cracking is a type of scam that typically targets individuals, especially young adults and college students who might be open to the prospect of making some “easy money,” or empathetic older adults who fall prey to a “sad story” from someone claiming to be in need or danger. Card cracking is a modern version…
Read more
Frauds and scams have been around for ages now, but the internet has made it easier than ever for bad actors to fleece good people. AARP reports Americans were scammed out of $8.8 billion dollars in 2022, and that figure increases year after year. In 2022, the median personal loss from fraud was $650, up…
Read more
In an ever-changing financial landscape, where economic uncertainties and challenges seem to part of the norm these days, having a solid financial foundation and making savvy money decisions are more crucial than ever. Importantly, banking with a financial institution that can offer unique products, educational tools/resources, and personalized service can set the stage for your…
Read more