Social media is a terrific way to keep in touch with friends and family near and far, but it can also offer up another crack that hackers can slip through and wreak havoc on your finances and identity.
October is Cyber Security Awareness Month. Here at Mascoma Bank, we take security very seriously and that starts with educating our customers and being ready to help them spot potential fraud. Internally, our team uses a program we call Know Your Customer to help us understand your bank habits and be ready to step in if we see something potentially suspicious. Our goal is to make sure you don't feel inconvenienced by having this extra level of security, but it's important for you know that if we reach out to you with a question about your spending habits, there is a good reason why.
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.
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.