Can You Spot a Phishing Scam?

by | Oct 5, 2022 | Banking, Identity Theft, Personal Finance

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online and mobile banking, the problem is only growing worse. In fact, the Federal Trade Commission’s report on fraud estimates that American consumers lost a staggering $5.8 billion to phishing scams and other fraud in 2021—an increase of more than 70 percent over 2020.

It’s time to put scammers in their place.

Online scams aren’t so scary when you know what to look for. And at Alliance Bank, we’re committed to helping you spot them as an extra layer of protection for your account. We’ve joined with the American Bankers Association and banks across the country in a nationwide effort to fight phishing—one scam at a time.

We want every bank customer to become a pro at spotting a phishing scam—and stop bank impostors in their tracks. It starts with these four words: Banks Never Ask That. Because when you know something sounds suspicious, you’ll be less likely to be fooled.

These four phishing scams are full of red flags:

Text Message: If you receive a text message from someone claiming to be your bank asking you to sign in, or offer up your personal information, it’s a scam. Banks Never Ask That.

Email: Watch out for emails that ask you to click a suspicious link or provide personal information. The sender may claim to be someone from your bank, but it’s a scam. Banks Never Ask That.

Phone Call: Would your bank ever call you to verify your account number. No! Banks Never Ask That. If you’re ever in doubt that the caller is legitimate, just hang up and call the bank directly at a number you trust.

Payment Apps: Beware of text messages from someone claiming to be your bank saying your account has been hacked. The scammer may ask you to send money to a new account they’ve created for you, but that’s a scam! Banks Never Ask That.

You’ve probably seen some of these scams before. But that doesn’t stop a scammer from trying. For tips, videos and an interactive game to help you keep phishing criminals at bay, visit www.BanksNeverAskThat.com. And be sure to share the webpage with your friends and family.

 

Read More:

How to Spot a Job Scam

How to Spot a Job Scam

Job scams are on the rise - and they're getting trickier. Whether you're on the hunt for a new position, looking for a side hustle, or helping a loved one navigate the job market, it's more important than ever to know how to spot the red flags of a job scam. Here's...

Alliance Junior Board Visits BraunAbility

Alliance Junior Board Visits BraunAbility

The Alliance Bank Junior Board of Directors had the opportunity to visit BraunAbility in Winamac, during the month of April. During our visit, we were given a presentation about the company and had the chance to ask questions. We also had a quick tour of the facility,...

Contact Us

Need to get in touch or have questions about banking with Alliance Bank? Give us a call or fill out the contact form. Thank you!