On Our Minds

8 Ways to Avoid Online Fraud

Cyberattacks are becoming more and more sophisticated and common. According to the 2019 Norton Cyber Security Insights Report, 152 million U.S. consumers were victims of cybercrime – more than half of the country’s adult online population – with losses totaling nearly $11.3 billion. Wauchula State Bank is highlighting ways to help consumers protect themselves against online fraud.

“The internet is home to some of the most notorious fraudsters,” said Certified Information Security Manager Margo Leiter. “As consumers become more and more active online, they must take steps to protect their information from cyber thieves, including establishing strong network passwords and making sure to connect to secure websites.”

Leiter recommends the following tips to help keep your information safe online:

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A Dozen Ways to Protect Your Mobile Device from Hackers

As of January 2020, there were approximately 246.3 million mobile internet users in the United States, accounting for 87 percent of the population, according Statista, a provider of market and consumer data. Review 42  reports that the average user will tap, swipe, and click their phone 2,617 times a day and spend 171 minutes a day on a device.

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8 Tips to Protect Your Identity

According to a recent study by Javelin Strategy & Research, identity fraud reached $16.9 billion in 2019. As identity fraud continues to be a major threat, Wauchula State Bank is offering tips to help consumers proactively protect their information from identity thieves.

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Be safe and prepared this summer

The arrival of hurricane season in the midst of the COVID-19 pandemic requires us all to be doubly vigilant. You’ll be hearing a lot about hurricane preparedness when it comes to protecting yourself and your loved ones in terms of shelter, safety and supplies. Researchers are predicting 19 named storms this year, and FEMA (Federal Emergency Management Agency) has posted some important operational guidelines on its website (fema.gov).

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Fraud Alert: Scammers are identifying themselves as bank employees to steal information and cash

Criminals often take advantage of uncertain times, leading to an increase in fraudulent activity. Please remember, we will never call you to ask you to provide or verify your full account number, username, password, debit card number, unique PIN or Social Security number. If you receive a call from someone requesting this information, even if the caller ID looks like it is coming from the bank, immediately hang up and report it to our Customer Care Team at 844-287-4225

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How should I spend my stimulus cash?

Back in the day, when your father or mother would give you a dollar, they might offer this cautionary advice: “Don’t spend it all at once,” or “don’t spend it all in one place.”

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COVID-19 Brings Out the Scammers

To paraphrase a famous expression: When the going gets tough, the scammers get going. Scammers are even identifying themselves as bank employees to steal information and cash. With COVID-19, the fraudsters are out in force, seeking to take advantage of the widespread anxiety generated by the global pandemic.

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Staying in because of the virus? Consider these online and mobile banking solutions.

With cases of COVID-19 (Coronavirus) confirmed in all 50 states and the District of Columbia, “social distancing” has become one of the tactics designed to slow the spread of the global pandemic. Businesses across the country are taking precautionary steps in accordance with their emergency preparedness plans, and banks are no exception.

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Tax Season Means Scam Season

Although scam artists are working year-round to steal your identify and compromise your personal information, tax season seems to bring out the worst. Scammers are looking to steal tax documents, file fraudulent returns in victims’ names, and extort payment with false threats of IRS action due to outstanding tax bills.

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Has Your Email Account Been Hacked?

Unfortunately, email hacking is one of the most common instances of cybercrime these days and something that probably has affected all of us at one point or another. Fraudsters are becoming increasingly virulent in their ability to hack into your email.

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