While you may be looking forward to a relaxing summer, scammers are working overtime. Every year, fraud schemes grow more sophisticated, often disguising themselves as legitimate messages from banks and financial institutions. That’s why it’s important to stay alert and protect your personal information. Think of fraud prevention like sunscreen for your finances. With the right protection in place, you can enjoy the season without getting burned. Here’s what to watch for in 2025 and how to respond if something doesn’t feel right.
1. Text Message Scams (Smishing)
How it works:
You receive a text that appears to come from your bank. It might say your account is locked, there’s been suspicious activity, or a payment was declined. The message includes a link to “verify” your account or asks you to reply with personal details.
What to look out for:
- Unexpected messages asking you to click a link or provide information
- Misspellings, strange URLs, or urgent language (e.g., “Act now!” or “Your account will be closed”)
- Phone numbers that look unfamiliar or don’t match your bank’s official contact information
What to do:
- Do not click any links or reply
- Contact your bank directly using the phone number on their website or your debit card
- Report the message as spam or phishing on your device
2. Email Scams (Phishing)
How it works:
Scammers send emails that look like they’re from your bank, often using official-looking logos and formatting. These messages may claim there’s an issue with your account and urge you to log in through a provided link.
What to look out for:
- Email addresses that are close to, but not exactly, your bank’s domain (e.g., [email protected] instead of [email protected])
- Requests for login credentials, account numbers, or Social Security numbers
- Threats of account suspension or limited access if you don’t respond
What to do:
- Never enter personal information through an email link
- Hover over links to see where they actually lead before clicking
- Delete the email and report it to your bank
3. Phone Scams (Vishing)
How it works:
You get a phone call from someone claiming to be with your bank’s fraud department. They may say your account has been compromised and ask for verification of your card number, PIN, or online banking credentials.
What to look out for:
- Calls from unfamiliar numbers claiming to be your bank
- Requests for sensitive information over the phone
- A sense of urgency or pressure to act quickly
What to do:
- Hang up and call your bank directly using the number you know and trust
- Do not provide any personal or financial information to unsolicited callers
- If the call leaves you feeling uneasy, report it to your bank immediately
Tips to Keep Your Information Safe
- Use strong, unique passwords for your online banking and update them regularly
- Enable multi-factor authentication whenever possible
- Monitor your accounts frequently for unauthorized transactions
- Never share your debit card PIN, account number, or online banking credentials with anyone
When in Doubt, Contact Us
At F&M Bank, your security is our priority. If you receive a message, email, or call that seems suspicious, don’t second-guess yourself. Reach out to us immediately. Our team is here to help verify any concerns and keep your accounts secure.