Consumer Alerts

Local residents are receiving calls, emails and text from fraudsters posing as bank employees asking for online banking, account and debit card information. If you are contacted asking for information about your MVSB accoutns, please do not respond and call us directly for assistance. Communications from fraudsters can be convincing and they may even “spoof” […]

According to the Federal Trade Commission, online romance scams are on the rise with $547 million being lost to scams in 2021 alone. If you are using online dating apps, websites or social media sites, it’s important to know how romance scams work so you can avoid being catfished and/or scammed. Millions of people across […]

If you get a letter in the mail claiming that you won the Publishers Clearing House Sweepstakes, it’s recommended you take a closer look before you begin celebrating – it may be a scam. Our Fraud Team has reported incidents of scammers mailing letters with claims that the recipient has won a cash prize. The […]

If you receive a pop-up message on your computer or phone, a text, email or call saying your computer has been infected with malware, it’s a scam. We’ve been receiving an influx of reports of these scams targeting consumers and businesses locally – many of whom have responded to the alarming message by sending funds […]

Consumers have been reporting suspicious text messages and calls from scammers posing as their bank, walking them through steps to send money with a payment app. Keeping your information safe is our highest priority. While while we may contact you to alert you to unusual activity on your account – we’ll never ask you to […]

Fraud can happen to anyone at any time and you could be a scammer’s next target. Even if you think your identity and online accounts are safe and secure, it’s still important to take these steps to protect yourself: Review your credit at least annually. You are entitled to a complimentary copy of your credit […]

Businesses, alert your accounting and HR personnel to a recent uptick in payroll scams. In the latest scheme, scammers are contacting businesses posing as an employee looking to change their direct deposit account information. Once a change is made, the employee’s payroll is diverted to a fraudulent account. In some cases, the scammer poses as […]

The MVSB Fraud Team has reported an increase in Facebook Marketplace scams involving money transfer apps. When selling items online, it’s important to be on the lookout for scams so you don’t fall victim. In the latest Marketplace scam, a fraudster pretends to be an interested buyer for an item and comes to an agreement […]

Smartphone users should be cautious when downloading apps, particularly through browser and social media, as there has been a reported rise in cyber criminals creating malicious apps in an attempt to install malware and steal personal information. These scammers may copy legitimate apps in an attempt to trick the user or create new ones disguised […]

With ongoing global concerns about cybersecurity, including potential malicious cyber activity from Russia to the United States, our dedicated Information Technology and Fraud Teams have been working diligently to ensure our customer information and systems remain secure. We use multiple layers of protection and employ a team of analysts that review unusual activity on customer […]