Protect Yourself from Tax Scams This Season
It’s that time of year again - tax season. Let’s not let the fraudsters cash in on our hard-earned money or steal our identity.
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It’s that time of year again - tax season. Let’s not let the fraudsters cash in on our hard-earned money or steal our identity.
Love - it’s the universal language that makes the world go ‘round, and unfortunately, the perfect cover for scammers. In the age of swipes, likes,..
According to Consumer Affairs, in 2023, there were over 310 million smartphone users in the US. Text message open rates are estimated to be as high..
In an act of desperation, Terry* frantically picked up the phone and called his Personal Banker at Crews Bank & Trust. Minutes before, when he logged..
Companies of all sizes are being targeted by criminals through business email compromise scams. In these scams, cybercriminals gain access to an..
During the pandemic, my phone was ringing off the hook, as many fraudsters took advantage of our isolation. They knew we were lonely, stuck at home..
Cybercriminals are targeting small businesses with increasingly sophisticated attacks. “Corporate account takeover” is a form of identity theft of a..
Ransomware is a type of malicious software that locks up your files so that you no longer can access them and demands you pay a ransom to unlock the..
To paraphrase a famous expression: When the going gets tough, the scammers get going. Scammers are even identifying themselves as bank employees to..
It’s the time of year when the Internal Revenue Service (IRS) releases its list of the latest tax scams. Scammers routinely use the anxiety of tax..
iTestCash is a company dedicated to helping big and small businesses throughout the U.S. and abroad. Its CEO, Alex Reichmann, comes from a family..
Ransomware is a type of malicious software that encrypts files, preventing access until a demanded sum of money is paid in exchange to unlock files...
Cyberattacks are becoming more and more sophisticated and common. According to the 2019 Norton Cyber Security Insights Report, 152 million U.S...
As of January 2020, there were approximately 246.3 million mobile internet users in the United States, accounting for 87 percent of the population,..
According to a recent study by Javelin Strategy & Research, identity fraud reached $16.9 billion in 2019. As identity fraud continues to be a major..
It’s that time of year again - tax season. Let’s not let the fraudsters cash in on our hard-earned money or steal our identity.
Love - it’s the universal language that makes the world go ‘round, and unfortunately, the perfect cover for scammers. In the age of swipes, likes, and video chats, finding a soulmate online is more common than ever. According to Statista, a statistics portal, "...over 17 percent of the population of the United States were using online dating services, translating to almost 60 million users."
Cybercriminals are equal opportunity scammers - both men and women can be, and often are, duped by these sneaky tactics.
According to Consumer Affairs, in 2023, there were over 310 million smartphone users in the US. Text message open rates are estimated to be as high as 98% compared to only a 20% open rate for emails, so it’s no wonder cyber criminals are focusing on texts! If you own a smart phone, you’ve likely been the recipient of a smishing text. Would you be able to tell?
In an act of desperation, Terry* frantically picked up the phone and called his Personal Banker at Crews Bank & Trust. Minutes before, when he logged into his online account, he saw several unauthorized transactions from an unknown source. Terry was panicked. What should he do?
Companies of all sizes are being targeted by criminals through business email compromise scams. In these scams, cybercriminals gain access to an employee’s legitimate business email through social engineering or computer intrusion. The criminal then impersonates the employee often a senior executive or someone who can authorize payments and instructs others to transfer funds on their behalf. According to the FBI’s Internet Crime Complaint Center, over $10 billion has been lost by victims in the U.S. due to these scams.
During the pandemic, my phone was ringing off the hook, as many fraudsters took advantage of our isolation. They knew we were lonely, stuck at home with only a few ways to communicate with others, so why not take advantage of that good ole’ telephone when everyone is afraid of hackers on the internet?
In fact, the FTC (Federal Trade Commission) received about 1.25 million phone fraud complaints in 2020, and the hackers and scammers don’t seem to be showing down this year.
Cybercriminals are targeting small businesses with increasingly sophisticated attacks. “Corporate account takeover” is a form of identity theft of a business. Criminals phony emails pretending to be someone you know to trick you into clicking on links or attachments that can lead to malicious software being installed on your computer. Once this happens, they will ask you to enter credentials where they will gain access to your email account. At that point, they will send emails to the bank appearing to be from you to initiate ACH and wire transactions.
Ransomware is a type of malicious software that locks up your files so that you no longer can access them and demands you pay a ransom to unlock the files. Paying in Bitcoin or cyber currency gives the cybercriminal anonymity and cannot be traced.
To paraphrase a famous expression: When the going gets tough, the scammers get going. Scammers are even identifying themselves as bank employees to steal information and cash.With COVID-19, the fraudsters are out in force, seeking to take advantage of the widespread anxiety generated by the global pandemic.
It’s the time of year when the Internal Revenue Service (IRS) releases its list of the latest tax scams. Scammers routinely use the anxiety of tax season to prey on the unsuspecting, and this year, they’re also using the pandemic and the government’s Economic Impact Payments to steal money and identities from taxpayers.
iTestCash is a company dedicated to helping big and small businesses throughout the U.S. and abroad. Its CEO, Alex Reichmann, comes from a family that has spent their lives focused on the protection of people’s money. His grandfather’s company invented the counterfeit detector pen that many banks and retail businesses use to identify counterfeit bills.
Ransomware is a type of malicious software that encrypts files, preventing access until a demanded sum of money is paid in exchange to unlock files. Individuals and businesses have become targets in this growing online fraud.
Cyberattacks are becoming more and more sophisticated and common. According to the 2019 Norton Cyber Security Insights Report, 152 million U.S. consumers were victims of cybercrime – more than half of the country’s adult online population – with losses totaling nearly $11.3 billion. Crews Bank & Trust is highlighting ways to help consumers protect themselves against online fraud.
As of January 2020, there were approximately 246.3 million mobile internet users in the United States, accounting for 87 percent of the population, according Statista, a provider of market and consumer data. Review 42 reports that the average user will tap, swipe, and click their phone 2,617 times a day and spend 171 minutes a day on a device.
According to a recent study by Javelin Strategy & Research, identity fraud reached $16.9 billion in 2019. As identity fraud continues to be a major threat, Crews Bank & Trust is offering tips to help consumers proactively protect their information from identity thieves.
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