The Federal Trade Commission reported that in 2023 consumers lost more than $10 billion to fraud, a 14% increase over losses in 2022. The number one type of fraud reported was imposters. We understand you work hard for your money, don’t let an imposter fool you. Protect your wallet by following these 5 steps.
- Stay Vigilant: Regularly check your bank statements and account activity for any unauthorized transactions. Report any suspicious activity to your bank immediately.
- Secure your Information: Never share your banking information, such as account numbers or passwords, with anyone over the phone, email or text. Banks will never ask for sensitive information through this form of communication. Always be vigilant when inputting your PIN number or using your debit card at an ATM or merchant processor. Never allow others to use your debit card or write your PIN number on the card.
- Use Strong Passwords: Create strong, unique passwords for your digital banking and change them regularly. Avoid using public information like birthdays or common words.
- Enable Two-Factor Authentication: When possible, enabling two-factor authentication can provide an additional layer of security. This typically requires a second form of verification, such as a code sent to your phone, in addition to your password.
- Educate Yourself: Stay informed about common scams and phishing techniques used by imposters. Be cautious of unsolicited communications and verify the authenticity of any requests for personal information before responding.
Following these 5 tips could reduce your risk of scammed. First Savings Bank gives you the peace of mind to control your finances from your fingertips. Find all the ways to establish additional security to your accounts by reaching out to our team at 1-833-372-4968.
