phishing

The tactics that cybercriminals use are ever-changing. Keeping your customers and your institution protected against cyber fraud requires staying on top of the latest trends and making sure everyone knows what to look out for.

It is not surprising that mobile fraud is surging, as the US has over 294MM smartphone users. Community financial institutions need to stay aware, meticulously authenticate customers’ identities, and communicate the latest scams to their customers to stay out of harm’s way. Here are three of the latest mobile phone scams and how to stay out of trouble.

Professional-looking scam emails crafted with AI are now hitting worker inboxes. Unfortunately, their polished look is making it harder to detect fraud. We provide tips for how to spot an AI-generated phishing email.

As phishing attempts constantly evolve, CFIs must train their employees to keep up, such as regularly testing employees through simulated fake phishing campaigns. We share additional tips to help you develop the most effective cybersecurity training program you can to minimize these threats.

SIM swapping has increased sharply over the past years. In order to keep their customers safe, community financial institutions need to take proactive and preventative measures, including communicating with customers through two independent means on transactions, warning of red flags, and advising on safe social media usage.

The PPP brought much-needed funds to many businesses. Yet, it has also brought fresh fraud opportunities. We highlight the three latest cybersecurity scams connected with PPP to protect you and your customers.

Online crime has increased during the pandemic, unfortunately. The latest FBI internet crime report shows that 241K victims have fallen prey to phishing or related scams, business email compromise has resulted in losses of greater than $1.8B, credit card fraud claimed almost $130MM in losses, and 2.5K ransomware complaints were filed. We give you reminders to continue to stay safe along with your customers.