As financial scams grow more advanced, safeguarding personal and business information is essential. From phishing emails to identity theft and AI-generated schemes, fraudsters are constantly
developing new tactics. Staying alert and following proven security practices can significantly reduce the risk of becoming a victim.
- Use strong, unique passwords for every account and update them regularly. Weak or reused passwords make it easier for hackers to access multiple accounts once one is compromised. A combination of letters, numbers, and symbols helps strengthen protection against brute-force attacks.
- Enable multi-factor authentication (MFA) to add an extra layer of security. MFA requires a second form of verification, such as a text code or authentication app, making it much harder for criminals to gain access even if they have a password. This simple step can block most unauthorized login attempts.
- Monitor bank and credit accounts frequently to spot unauthorized transactions early. Regularly reviewing statements helps detect suspicious activity before it escalates. Setting up account alerts can provide real-time notifications of unusual spending or withdrawals.
- Avoid clicking on suspicious links or attachments in emails or text messages. Fraudsters often disguise malicious links to steal login credentials or install malware. Always verify the sender’s identity and navigate directly to official websites instead of using embedded links.
- Verify requests for money or personal information before responding or transferring funds. Scammers often impersonate trusted contacts or institutions to trick victims into sending money. Confirm requests through a known phone number or official channel before acting.
- Keep software, apps, and devices updated to protect against security vulnerabilities. Cybercriminals exploit outdated systems to gain access to sensitive data. Enabling automatic updates ensures the latest security patches are always in place.
- Use secure Wi-Fi connections and avoid public networks for financial transactions. Public Wi-Fi can expose data to hackers who intercept unencrypted information. Using a virtual private network (VPN) adds an extra layer of protection when connecting remotely.
- Shred sensitive documents before discarding them to prevent identity theft. Paper statements, bills, and receipts can contain personal details that criminals use to open fraudulent accounts. A cross-cut shredder ensures information cannot be reconstructed.
- Limit personal information shared online to reduce exposure to scammers. Oversharing on social media can give fraudsters clues about passwords, security questions, or financial habits. Adjust privacy settings and think carefully before posting personal details.
- Report suspicious activity immediately to financial institutions or law enforcement. Quick reporting can help stop fraudulent transactions and prevent further damage. Many banks have dedicated fraud departments ready to assist with investigations and account recovery.
MVSB cares about keeping our neighbors safe from fraud and is committed to providing secure online tools, fraud monitoring, and financial education. With a focus on community safety and trust, we provide resources to help individuals and businesses detect and prevent scams. If you ever feel your accounts or identity may be at risk due to fraud, please contact us. We’re here to help.
