Multifactor Authentication (MFA): Enhanced Security with MFA Technology

Just like you, fraudsters love the holidays. They know you’re busy, distracted and full of holiday cheer. All which makes it even easier to fall for their gift-wrapped scams that are even more convincing, personalized and automated thanks to AI. To help you stay safe during the holidays, and year round, we’ve unwrapped the most common holiday scams along with some practical safety tips. One thing to keep in mind is that financial institutions typically follow information security guidelines and never reach out to ask for personal or sensitive information. If you get a request for your banking username, password, account number, routing number or your complete Social Security number, be very suspicious. Contact your financial institution via a number you’ve verified from a trusted source like a monthly statement, your financial institution’s app or its official web site.

Scammers no longer rely on quick-hit phishing scams; instead, they patiently cultivate online relationships — a tactic investigators call financial grooming. This article unpacks how grooming scams unfold and the red flags to watch for. We also detail the practical actions you and your loved ones can take to shut fraudsters out.

Cyber threats have become increasingly sophisticated, targeting not just large corporations but individuals as well. Among these threats, the spear phishing attack is one of the most deceptive and damaging. So, what is a spear phishing attack, and how do you protect yourself?

Football season is a time for excitement, cheering on your favorite team, and creating lasting memories with friends and family. However, it's also a time when scammers are on the lookout to take advantage of distracted fans. From fake tickets to fraudulent online offers, football season provides scammers with numerous opportunities to trick unsuspecting victims. By staying alert and knowing how to spot common scams, you can protect your finances while enjoying the game.

In today's digital world, protecting your finances has become more challenging than ever. With cybercriminals constantly devising new ways to access personal information and compromise accounts, it’s crucial to stay informed and practice good cybersecurity habits. Whether you're managing your finances online or simply browsing the web, knowing how to safeguard your data can prevent financial loss and protect your personal information from falling into the wrong hands.

Today, most debit and credit cards have multiple ways to transmit data and authenticate a payment. One such way is the small, square computer chips you see on the card. This is called an EMV chip and is used to help protect the user from fraud. Read this article to learn more about how EMV chips work and how they help keep your information safe. EMV cards, often referred to as chip cards, represent a significant advancement in credit card security technology. The term “EMV” stands for Europay, MasterCard, and Visa, the three organizations that created the standard. These cards are equipped with a small, metallic square chip on the front, which is easily recognizable and distinct from the traditional magnetic stripe on the back of older cards. This chip is a critical component of EMV technology, designed to enhance transaction security and reduce fraud. 

According to the Federal Trade Commission, there were 2.6 million fraud reports in 2023, with $10 billion lost to fraud. It can happen to anyone and is never something to be embarrassed about. It is important to recognize though that the first line of defense is you, so being prepared to safeguard your financial safety is crucial. If something happens, the sooner you reach out for help, the better position you’ll put yourself in. These criminals use sophisticated tactics to gain your trust, which is why it's more important than ever to be aware of scams and protect your financial information.

In today’s digital world, protecting your elderly parents’ assets is essential, as the consequences of financial vulnerability can be devastating. According to the FBI Elderly Fraud Report 2022, total losses reported by elderly victims increased 84% from the previous year to $3.1 billion.   Given the high stakes, you might wonder, “How can I protect my elderly parents’ money?” Navigating the complexities of financial security for elderly parents requires a blend of empathy, strategic planning and legal action. This guide equips you with the knowledge and steps necessary to secure your elderly parents’ financial well-being. 

The festive season is a time of joy, giving and celebration. But as you prepare to dive into the celebrations, you must be on guard against scams that could ruin your festivities. From convincing phishing emails decorated with jingle bells to too-good-to-be-true travel deals promising a winter wonderland, the tactics are endless and, sadly, effective. Generally, financial institutions follow information security guidelines and never request personal or sensitive information. Therefore, any call or information request for your banking information, such as banking username and password, account number, routing number or social security number, should be treated with the utmost suspicion.  As technology evolves, scammers are getting more sophisticated. Some of their rackets appear genuine. Thus, you must be extra vigilant, especially during this holiday season. Here's a detailed overview to equip you against potential pitfalls.

In an era marked by rapid technological advancements and the growing significance of data in various sectors, the safety and security of personal information have become paramount. Credit unions, financial institutions that serve their members' financial needs while operating as non-profit organizations, are no exception to this rule. With the increasing reliance on digital platforms for banking and transactions, credit unions have taken robust measures to keep member data safe and secure. In this article, we explore the strategies employed by credit unions to protect their members' sensitive information.

Two-factor authentication is a security process that requires two different authentication methods before granting access to an online account or system. Discover the benefits of two-factor-authentication and how to enable it to protect your information.