Phishing is big business – for criminals.
They’re looking for your money and your info, and they’ll try to get it by phishing. That could mean a text message, email, phone call, or even getting you to use a payment app.
Throughout the month of October, the American Bankers Association is fighting back with its annual #BanksNeverAskThat campaign. It’s all part of Cybersecurity Awareness Month, an initiative to educate everyone on online safety. Once again, Regions Banks is proud to participate in this effort to education our customers and the public.
Phishing is big business, producing $10 billion in losses from Americans in 2023 alone, according to the ABA. So, what’s your best response?
The vast majority of fraud begins with a phishing email, a smishing text message or a vishing phone call.
Jeff Taylor, head of Commercial Fraud Forensics at Regions Bank
“The vast majority of fraud begins with a phishing email, a smishing text message or a vishing phone call,” said Jeff Taylor, head of Commercial Fraud Forensics at Regions Bank. “Education and awareness campaigns are extremely important in the efforts to help everyone understand the techniques used by the fraudsters, and to recognize the red flags.”
Know what to look for before it happens to you.
4 Tips to Strengthen Your Online Account
But even the most initiative-taking people can fall victim to these scams. If you do, consider the next steps.
4 Steps to Take If You Fall Victim
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- Contact your bank by calling the number on your card.
- Change your passwords and visit gov.
- Report the scam to the FTC here.
- If you lost money, file a police report.
The annual #BanksNeverAsk that campaign is robust. It includes details on how to spot various phishing scams (email, text, phone and payment apps). In addition, you can test your knowledge with quizzes, including the popular Scam City, and watch some short but entertaining videos.
Regions is proud to participate as part of ongoing efforts to educate the public. Our mission is to help keep others safe.
The #BanksNeverAskThatCampaign also has so much great content, including great advice on steps you can take before scammers come calling. It’s also part of Cybersecurity Awareness Month, a nationwide focus on keeping everyone safe from scams.
So, what are you waiting for? Join Regions and the ABA throughout the month of October. Remember, #BanksNeverAskThat.
Helpful #BanksNeverAskThat Resources
Any links to other websites are merely and strictly for your convenience. Each site is operated or controlled by a third party that is unaffiliated with Regions. The privacy policies and security at the linked websites may differ from Regions privacy and security policies and procedures. You should consult privacy disclosures at the linked websites for further information.
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.