Consumer Alerts

A recent article from Forbes explains how artificial intelligence continues to transform industries and new doors for sophisticated fraud schemes that threaten both consumers and businesses. Experts warn that AI-generated scams—ranging from deep fake videos to voice cloning and synthetic identities—are eroding public trust in digital interactions. The rise of these deceptive technologies has made it increasingly difficult to distinguish between legitimate communications and fraudulent ones, creating a growing sense of uncertainty. To combat this crisis, organizations are being urged to adopt advanced verification systems, transparent communication practices, and stronger cybersecurity frameworks. Building trust now requires more than just secure technology—it […]

As cyberthreats continue to evolve, small businesses are increasingly finding themselves in the crosshairs of digital criminals. According to a recent article from Forbes, many small enterprises underestimate their vulnerability or simply lack the internal support and resources needed to combat the growing threats of ransomware, phishing, and data breaches that can cripple operations overnight. The financial and reputational damage from a single cyberattack can be devastating. Beyond immediate financial losses, small businesses face long-term consequences such as customer distrust, regulatory penalties, and costly recovery efforts. Experts emphasize that cybersecurity is no longer optional—it’s a fundamental part of doing business in […]

The Federal Trade Commission (FTC) is alerting consumers to a new wave of phone scams in which fraudsters impersonate FTC officials, including commissioners, to trick people into sharing personal information or sending money. According to a recent consumer alert, scammers are using spoofed phone numbers and official-sounding language to make their calls appear legitimate, often threatening legal action or promising financial rewards to pressure victims into compliance. The FTC emphasizes that its commissioners and staff will never call consumers to demand payment, ask for sensitive information, or threaten arrest. These tactics are classic signs of a scam, and the agency […]

A recent Forbes article explores the intriguing link between personality traits and susceptibility to scams, shedding light on why some individuals are more likely to fall victim than others. According to research cited in the article, people who score high in traits such as agreeableness and openness may be more trusting and, as a result, more vulnerable to fraudulent schemes. Conversely, those who are naturally skeptical or cautious tend to be better at spotting red flags and avoiding scams. The article highlights that scammers often tailor their tactics to exploit specific personality characteristics. For example, highly agreeable individuals may respond […]

The Federal Trade Commission (FTC) is warning consumers about a surge in unwanted and unlawful telemarketing calls linked to the online sharing of personal information. Many people are unknowingly exposing themselves to aggressive telemarketing tactics by entering their details on websites that may sell or misuse their data. The FTC emphasizes that even seemingly legitimate online forms can lead to a flood of unsolicited calls, some of which may violate federal regulations. Telemarketers often purchase or obtain lists of phone numbers from online sources, targeting individuals who have filled out forms for sweepstakes, quotes, or other offers. In many cases, […]

A recent survey from TransUnion has revealed that businesses are losing a significant portion of their revenue to fraud, with some reporting losses as high as 10%. The findings highlight the growing threat of fraudulent activity in the corporate world, affecting companies of all sizes and industries. As digital transactions and online business operations expand, organizations are facing increasingly sophisticated schemes that target their financial assets. The survey, conducted among a diverse group of businesses, found that fraud is not only widespread but also costly. Many respondents indicated that they have experienced multiple types of fraud, including payment fraud, cyberattacks, […]

October marks Cybersecurity Awareness Month, a time dedicated to promoting safe online practices and protecting sensitive information. As the use of online banking tools and digital payments continue to grow, the importance of cybersecurity has never been greater. This month serves as a reminder for individuals and businesses alike to stay vigilant against cyber threats and to adopt habits that keep financial data secure. Cybercriminals are constantly developing new tactics to access personal and business accounts, making it essential to stay informed about the latest risks. Simple steps such as using strong, unique passwords, enabling multi-factor authentication, and regularly monitoring account activity can make a significant […]

A growing number of teens are being tricked into sharing private photos online, only to have those images used against them. Scammers often pose as friendly strangers or even pretend to be someone the victim’s age. They build trust through casual conversation, then pressure the teen into sending personal pictures. Once the images are shared, the scammer threatens to post them publicly or send them to friends and family unless money or more photos are provided. These schemes can feel overwhelming and isolating, but it’s important to remember that the person behind the screen is the one committing a crime. The threats […]

The American Bankers Association has shared resources to help individuals and families manage personal finances during the government shutdown, including budgeting guidance and tips for working with lenders. Click here for a list of resources and answers to frequently asked questions. As your local banking partner, we’re here to help you navigate financial changes and challenges. If you are impacted, please contact us to discuss any concerns and how we can support you during this time.

A growing number of states are enacting or considering new regulations on cryptocurrency ATMs in an effort to combat fraud, according to a recent report from AARP. So far this year, 20 states have either drafted or passed laws and regulations targeting crypto ATMs, some of which will require ATM owners to warn customers about potential scams and set daily transaction limits for users. The push for tighter oversight comes amid rising concerns about fraud involving these machines. The Federal Trade Commission reported last year that Americans lost at least $65 million to crypto ATM-related scams in just the first […]