Fraud: Safeguarding Your Finances

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In a digital world where more and more transactions are occurring online, understanding bank fraud is crucial for safeguarding your finances. Fraud can take on many forms and it is important to take proper precautions to protect yourself and your finances.

Text and Email Scams

- Embassy National Bank will never ask for your password via text or email. Emails and or texts claiming to be a financial institution seeking personal information or passwords are likely scams.

Wire Transfer Scams

- Another common scam involves hacked accounts sending emails with fake wiring instructions. These emails are typically convincing and come from a trusted email source. Always independently confirm the validity of the wire request in person or via a telephone call to a trusted and verified phone number. Never send money without double-checking that the wiring instructions are legitimate.

Job and or Award Scams

- Criminals continue to think up new and innovative ways to trick individuals. These type of scams typically involve sending an individual information about an award they “won” or “job offer”. These attempts will seek to either deposit fraudulent checks into your account and then request you send back a portion for taxes, or ask for an upfront cost to get started with the offered program.

If You Suspect You Are A Victim of Identity Theft

- Contact us right away.

- Contact the police to make a report.

- Contact the credit reporting agencies to place a fraud alert on your profile. The credit bureau you call is required to contact the other two. When you place a fraud alert on your credit profile, any new credit requests will receive careful review to ensure the applicant is you.


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