Throughout the month of October, we’re trying to help you stay safe.
Thanks to the American Bankers Association, Regions Bank and financial institutions across the country are working to teach consumers that #BanksNeverAskThat.
Why? Because every day, people fall prey to unscrupulous fraudsters, who use emails, texts and phone calls to claim personal information and access to bank accounts. Unfortunately, fraud is big business. According to the ABA, Americans lost $3.3 billion to fraud in 2020 – more than double the year before.
Often, these schemes are perpetrated by someone pretending to represent your very own bank.
Let that sink in.
Keep this in mind: the best offense is a great defense. Here are four tips to help you lock down your accounts, courtesy of the ABA:
- Set up multi-factor authentication on your bank and email login.
- Use random or complex passwords.
- Call your bank directly, or log in to your account, to verify messages or emails received.
- Keep your browser up to date with the latest defenses, like virus protection and malware alerts.
Want to test what you’ve learned thus far? Go to the ABA’s #BanksNeverAskThat website and try this quick and easy quiz.
Since its inception, Doing More Today has worked vigilantly with Regions Bank fraud experts on helping you avoid the latest fraudulent schemes. You can keep up with the latest scams – and solutions – with advice here:
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4 Steps to Avoid Vendor Fraud
3 Steps to Keep Your Business Safe from Cyber Attacks
Fight Financial Fraud in Five Steps
The information presented is general in nature and should not be considered, legal, accounting or tax advice. Regions reminds its customers that they should be vigilant about fraud and security and that they are responsible for taking action to protect their computer systems. Fraud prevention requires a continuous review of your policies and practices, as the threat evolves daily. There is no guarantee that all fraudulent transactions will be prevented or that related financial losses will not occur. Visit regions.com/STOPFRAUD or speak with your Banker for further information on how you can help prevent fraud.