Extraco Banks is committed to helping you keep your financial information safe. Bookmark this page to learn about the latest scams in the marketplace.
Safe Banking
Current Scams:
Spoofing
Spoofing is a type of scam where a fraudster pretends to be someone trustworthy in order to gain access to your personal information or assets. They use different spoofing methods to steal your money, identity, or infect your device with malware.
Identity Theft
Identity theft occurs when someone uses your personal or financial information without your permission. It can damage your credit score and cost you money and time.
Phishing
Every day, thousands of people fall victim to fraudulent emails, texts, and calls from scammers pretending to be their bank. At Extraco Banks, we’re committed to helping you spot them as an extra layer of protection for your account. We’ve joined with the American Bankers Association and banks across the country in a nationwide effort to fight phishing—one scam at a time.
Bank Failure Phishing Scams
As regulators step in to operate Silicon Valley Bank, threat hunters and security executives warn organizations to look out for malicious activity.
Card Cracking
The newest get-rich-quick scheme is called “Card Cracking” and it is aimed at the younger generation who are new to credit cards and bank accounts and maybe just gullible enough to believe that if it is on the Internet it must be legitimate, right?
Bank Jugging
Bank Jugging occurs when a thief parks outside of a bank and watches patiently as customers go in and out. The suspect targets anyone who comes out with a bank bag, coin box or bank envelope that looks like they may have a large amount of cash. They then follow the customer and burglarize their car or the victim directly.
Bank Failure Related Scams
In the wake of the collapse of Silicon Valley and Signature banks, startup founders scrambled to find ways over the weekend to meet payroll this week and phishing bandits swooped in like hyenas on a gazelle carcass. The events and attacks demonstrate the value of Zero Trust as a practice.
Image
Safe Banking For Seniors
Older adults with impairments are more likely to fall victim to financial elder abuse. It doesn’t matter who the caregiver is, either. Friends, family, neighbors, and even professional caregivers can be at the heart of the problem. When it happens, financial fraud often comes at a high cost. The FBI reported Americans aged 60 and older lost nearly $1.7 billion in 2020, with fraud claiming over 92,000 victims that year.
Safe Banking Tip For Seniors
-
Contact the bank to discuss your options for view-only access.
-
Monitor accounts for suspicious checks or other transactions.
-
Watch for overdrafts and any unpaid bills.
-
Watch for unauthorized transactions, transfers, and withdrawals.
-
Contact the bank immediately to report any suspicious activity.
