Bank News & Financial Literacy

International Fraud Awareness Week is a global event held every November with the purpose to raise awareness of fraud. Fraud, defined as intentionally deceiving someone for unlawful gain, is a widespread issue that continues to grow more sophisticated each year. By enhancing our understanding and awareness, we can effectively safeguard ourselves and our communities from falling victim to fraudulent activities.

International Fraud Awareness Week is a global event held every November with the purpose to raise awareness of fraud. Fraud, defined as intentionally deceiving someone for unlawful gain, is a widespread issue that continues to grow more sophisticated each year. By enhancing our understanding and awareness, we can effectively safeguard ourselves and our communities from falling victim to fraudulent activities.

Despite the fact that check use has declined by 25%, reports of check fraud have soared. In fact, they’ve nearly doubled since 2021. Criminals are becoming more sophisticated and finding new ways to steal your financial information to gain access to and take off with your money. FNC Bank is committed to helping our customers use checks safely.

In today's increasingly digital landscape, understanding and prioritizing cybersecurity has become essential. October marks Cybersecurity Month, a time to reflect on the importance of protecting your online presence and taking proactive steps to safeguard your personal and professional data.

A quick guide to understanding Beneficial Ownership Information (BOI) Reporting

While technology brings new innovations and changes to how society operates every day, some long-standing practices remain essential, such as using the U.S. Postal Service for mailing. Many businesses and consumers still rely on postal mail to send payments via written checks and convey other confidential information. Although this method has been a standard for decades, it makes individuals susceptible to a type of fraud known as check washing.

"Pig butchering" is a scam named in reference to the practice of fattening a pig before slaughter. It is a type of confidence and investment fraud in which the victim is gradually lured into making increasing monetary contributions, generally in the form of cryptocurrency, to a seemingly sound investment before the scammer disappears with the contributed monies.

National “Slam the Scam” Day is designated by Social Security’s Office of the Inspector General to raise awareness of government imposter scams, which continue to spread across the United States.

As many shoppers hit the stores this holiday season, remember that protecting your credit and debit cards when in public settings is crucial in preventing fraud and identity theft.

As the holiday season approaches, and online shopping increases, so do the risks. It is important to exercise caution when engaging in this activity, as various online scams and fraudulent activities abound.

Elder fraud is a type of elder financial abuse in which financial resources are misappropriated by a scammer or somebody close to the vulnerable adult.

Last month we covered notable scams you should be aware of. This month, which is Cybersecurity Awareness Month, we’ll cover steps you can take to avoid falling victim to these types of scams.

According to the most recent data from the Federal Trade Commission, reported consumer losses to fraud reached $8.8 billion in 2022, marking a 30 percent increase from 2021.