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.
Have you ever been scammed? Or wondered if someone is trying to scam you? You’re certainly not alone. According to the Consumer Sentinel Network Data Book, in 2018, nearly 3 million reports of fraud and identity theft were made to the Federal Trade Commission, resulting in a loss of nearly $1.48 billion.
Are you making travel plans this summer? Buying airplane tickets, booking hotel rooms, and searching websites for fun things to do? Packing your bag with a new bathing suit and plenty of sunscreen?
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.