Waumandee State Bank works to provide helpful information about fraud to consumers. By sharing this information, the bank ensures customers know how to protect their sensitive information. Read below to find out more or use the buttons here to navigate to a relevant section.
Banks Never Ask...
"Banks Never Ask That" is an industry-wide campaign launched by the American Banker's Association(ABA) to educate consumers about the persistent threat of scams and fraud. They seek to educate all consumers on fraud tactics used by scammers and the best practices to avoid becoming a victim.
Each year the ABA produces a multitude of new media resources to be distributed by member banks and media outlets nationwide. It contains activities, tips, and videos for consumers to help educate themselves.
We encourage all our customers to visit the ABA's official website by clicking on the blue quoted section above.
Don't trash your cash...know what banks never ask.
Identity Theft & Phishing
The following information is from FDIC.GOV
Internet fraudsters will try to steal your sensitive personal information. Only you have the power to safeguard your info.
The most common type of fraud on the internet is called "phishing." It's pronounced "fishing," and that's exactly what these thieves are doing: "fishing" for your personal financial information. These individuals seek to acquire things like your account numbers, passwords, or Social Security number. Any confidential information they can use for financial gain is valuable. Victims are often vulnerable individuals, but anyone can be a target of fraud.
With the sensitive information obtained from a successful phishing scam, these thieves can take out loans or obtain credit cards in your name. Fraud of any kind can do damage to your financial and personal reputation that can take years to unravel. But if you understand how phishing works and how to protect yourself, you can help stop this crime.
Here's how phishing works:
In a typical case, you'll receive an e-mail that appears to come from a reputable company that you recognize and do business with, such as your financial institution. In some cases, the e-mail may appear to come from a government agency, including one of the federal financial institution regulatory agencies.
The e-mail will probably warn you of a serious problem that requires your immediate attention. It may use phrases, such as "Immediate attention required," or "Please contact us immediately about your account." The e-mail will then encourage you to click on a button to go to the institution's Web site.
In a phishing scam, you could be redirected to a phony Web site that may look exactly like the real thing. Sometimes, in fact, it may be the company's actual Web site. In those cases, a pop-up window will quickly appear for the purpose of harvesting your financial information. In either case, you may be asked to update your account information or to provide information for verification purposes: your Social Security number, your account number, your password, or the information you use to verify your identity when speaking to a real financial institution, such as your mother's maiden name or your place of birth.
If you provide the requested information, you may find yourself the victim of identity theft.
How to Protect Yourself
You Can Fight Identity Theft – Here’s How:
What to do if you fall victim:
A message from the federal bank, thrift and credit union regulatory agencies
*Information from www.fdic.gov
Fraud Prevention Tips
Do not give out financial information, such as account numbers, unless you know the person or organization.
Watch for websites that contain (https:) to indicate it is a secure site.
Notify your bank of any suspicious phone inquiries asking for personal account information.
Shred financial information and bank statements before disposing of them.
Check bills regularly for questionable charges and contact the company if a bill fails to reach you.
Contacts for Identity Theft
If you think you may be a victim of Identity Theft please contact one of our Personal Bankers for assistance.
Federal Trade Commission Resources
Visit ftc.gov for more resources on all things identity theft. Click FTC Scam Alerts to see the Federal Trade Commission's current list of scams.
If you fear you may have fallen victim to a scam of any kind that may have compromised your personal information, contact your local Waumandee State Bank immediately. We can place a Fraud Alert on your account(s) and instruct you on what further action you should take.