It was not so many years ago that you paid your bills with a checkbook and a roll of stamps. Buying or selling stocks required picking up a landline telephone and talking to your broker. If you wanted to transfer money from your checking account to your savings account, you went to the bank.
Here’s a quaint bit of Baby Boomer nostalgia. If you were born between 1946 and 1964, you’re old enough to remember when people used to actually apply for a Social Security number.
Between work and home, do you have any idea how many emails drop into your inbox each and every day? More than 10 but less than 50? More than 100? A number so high you don’t even want to know what it is?
When it comes to breaches in the security of valuable private information, 2017 was a banner year. Not a month went by without at least one large company or governmental agency suffering a cyber attack that put hundreds of thousands of people at risk for identity theft.
When it comes to the living we do online, we’re long passed the point of no return. Phishing scams are getting more sophisticated every day and credit rating agencies such as Equifax may be leaking the personal information of millions of American consumers, but we’re not going to stop shopping on Amazon or applying for jobs via the Internet.
We have been getting many questions from customers who are rightfully concerned about the Equifax data breach. First, we want to reassure you that Mascoma Savings Bank applies every possible protection around private information as a matter of routine practice.
It’s a sad fact of modern life: Innovations in technology allow scammers from all corners of the world to rip people off. Your best line of defense is to spot when you’re being scammed and nip it in the bud.
Even if you take precautions against scammers, sometimes fraud happens. If a scammer manages to break through your defenses, you need to be prepared—mentally and emotionally.