Fraudulent scams are evolving—and one of the fastest-growing threats today is social engineering fraud. First Mid Bank & Trust is warning customers to stay alert as criminals increasingly impersonate trusted sources, such as bank employees, to gain access to sensitive information and accounts.
Unlike traditional malware-based hacks, social engineering scams rely ...
Counterfeit bills have been around nearly as long as the U.S. monetary system itself. While counterfeit money directly impacts American consumers and businesses, its effects are also felt globally because the U.S. dollar is recognized and accepted worldwide. The problem? Counterfeit bills aren’t always easy to spot.
How can I detect ...
Wire fraud is a form of financial scam where criminals impersonate a trusted party—such as a company executive, vendor, or even a family member—to convince the victim to wire money urgently. These scams often rely on emotional manipulation and a false sense of urgency, using emergencies or high-stakes scenarios to ...
We’ve all seen articles, social media posts, and newsletters about identity theft. When most people hear the term identity theft, they often think of a fraudster acquiring a person’s Social Security number and other identifying information to open a credit card or obtain a loan in the victim’s name. However, ...
Despite the evolution of electronic banking and payment systems, check fraud remains a persistent and costly problem for business owners.
During a six-month period in 2023, FinCEN (Financial Crimes Enforcement Network, a division of the U.S. Treasury) received over 15,000 reports of mail theft-related check fraud totaling over $688 million1. Mitek, ...
During the holiday season, many consumers choose the convenience of doing their shopping online rather than making a trip to brick and mortar retail stores. Although online shopping has its advantages, it can also pose a potential risk for including identity theft and other scams. Identity theft is when a ...
Do you have a home equity line of credit (HELOC) account? If so, it’s imperative that you check the account often to guard against fraud. Scammers can gain access and potentially drain thousands of dollars quickly by stealing identities and fooling lenders. There has been a significant increase in HELOC-related ...
It’s easy to become desensitized to national and international headlines of data breaches when we’ve seen one breach story closely trailing another for years. However, it’s crucial not to let this steady stream of storylines lull you into a false sense of security. Rather than dismissing the latest breach as ...
Every day, a staggering number of individuals, often in the thousands, fall prey to the threat of phishing scams. These scams, which can result in potential losses of hundreds or even thousands of dollars, involve deceptive emails, texts, or calls that appear to be from familiar sources. The goal is ...
New scams are constantly surfacing, affecting individuals and businesses as scammers become more intelligent and innovative. Now that artificial intelligence (AI) has become more prominent in the last few years, scammers have found ways to use AI to scam people out of their money. One such scam, known as “Can ...
Routing # 071102076NMLS # 411170