iTestCash is a company dedicated to helping big and small businesses throughout the U.S. and abroad. Its CEO, Alex Reichmann, comes from a family that has spent their lives focused on the protection of people’s money. His grandfather’s company invented the counterfeit detector pen that many banks and retail businesses use to identify counterfeit bills.
Ransomware is a type of malicious software that encrypts files, preventing access until a demanded sum of money is paid in exchange to unlock files. Individuals and businesses have become targets in this growing online fraud.
Cyberattacks are becoming more and more sophisticated and common. According to the 2019 Norton Cyber Security Insights Report, 152 million U.S. consumers were victims of cybercrime – more than half of the country’s adult online population – with losses totaling nearly $11.3 billion. Crews Bank & Trust is highlighting ways to help consumers protect themselves against online fraud.
As of January 2020, there were approximately 246.3 million mobile internet users in the United States, accounting for 87 percent of the population, according Statista, a provider of market and consumer data. Review 42 reports that the average user will tap, swipe, and click their phone 2,617 times a day and spend 171 minutes a day on a device.
According to a recent study by Javelin Strategy & Research, identity fraud reached $16.9 billion in 2019. As identity fraud continues to be a major threat, Englewood Bank & Trust is offering tips to help consumers proactively protect their information from identity thieves.
Criminals often take advantage of uncertain times, leading to an increase in fraudulent activity. Please remember, we will never call you to ask you to provide or verify your full account number, username, password, debit card number, unique PIN or Social Security number.
Back in the day, when your father or mother would give you a dollar, they might offer this cautionary advice: “Don’t spend it all at once,” or “don’t spend it all in one place.”
Well, that certainly can be applied to the stimulus payments the government has promised millions of Americans due to the harsh economic times created by the coronavirus pandemic. The Treasury Department and the Internal Revenue Service announced that the payments will begin in mid-April and will be distributed automatically, with no action required for most people.
With cases of COVID-19 (Coronavirus) confirmed in all 50 states and the District of Columbia, “social distancing” has become one of the tactics designed to slow the spread of the global pandemic. Businesses across the country are taking precautionary steps in accordance with their emergency preparedness plans, and banks are no exception.
Unfortunately, email hacking is one of the most common instances of cybercrime these days and something that probably has affected all of us at one point or another. Fraudsters are becoming increasingly virulent in their ability to hack into your email.
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