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First Reliance Bank

Detecting Fraud

Red flag flying against blue sky representing detecting fraud

 

 

 

 

Understanding and recognizing fraud is an effective way of helping to prevent it from happening to you. First Reliance Bank offers tools to detect potential fraud before it’s too late:

  • Online Banking Alerts – Set up automatic notification about certain account activities which you can use to help protect yourself from fraud.
  • Online Banking — See up-to-the-minute online account activity for your First Reliance accounts. Stay on top of your accounts and detect fraud early.
  • Fraud Monitoring – First Reliance Bank’s security team and its partners are constantly at work monitoring card and bank activity for potential fraudulent activity and taking action to mitigate financial loss and harm to our customers

Online Fraud

Online fraud is conducted electronically through your computer. It can be accomplished through acts known as phishing and pharming, or through spyware and viruses.

  • Phishing is a type of online fraud that allows criminals to gain access to your personal information through your computer. By posing as individuals or organizations you know, trust and have relationships with, “phishers” seek to obtain your computer passwords, credit card numbers or bank account information so they can use them fraudulently.
  • Pharming occurs when Web traffic is redirected away from one site and over to an identical-looking, criminal site.
  • Spyware are dangerous programs that attack your computer and gather personal information without your knowledge. Viruses may alter or destroy important information on your computer.

Offline Fraud

Although the internet is a growing channel for fraudulent activity, offline fraud remains the greatest threat. The most common types of offline fraud include credit card fraud, phone solicitations, print fraud, check scams and mail fraud.

  • Credit and Debit Card Fraud is quickly becoming one of the most common crimes. Like other types of fraud, thieves steal your credit card information and use it to complete fraudulent transactions or to obtain credit in your name.
  • Phone Solicitations.  The growth in phone fraud has prompted many states to adopt “Do Not Call” legislature. As in other fraud crimes, thieves pose as a familiar business or individual and are looking for unsuspecting individuals who will give them important information, like Social Security Numbers, dates of birth, credit card numbers or bank account numbers.
  • Print fraud is committed when criminals place ads in printed materials such as newspapers and magazines in an attempt to obtain personal information.
  • Check Scams. Check scams range from grabbing checks from mailboxes to fraudulent sweepstakes or contests where victims are asked to send in a check to claim their winnings.
  • Mail Fraud. Thieves commit mail fraud by stealing mail out of your mailbox then using it for a variety of crimes including taking over your bank account.