These scams are able to fool unsuspecting consumers who may not completely understand that even though a bank account may show the funds as “available”, this doesn’t mean the check has “cleared”. Fraudsters know that banks must make funds available in an account within several days, yet it often can take weeks to discover that the check was fake. When it is, the amount of the fake check deposit is removed from the customer’s account. As a result, they are out the money they sent to the fraudster and because it was sent voluntarily, the bank is not obligated to cover the loss.
Category: Keep Your Money Safe
During times of crisis, one of the way scammers attempt to spread malicious software, aka malware, is by sending emails that appear to come from government agencies. Ephrata National Bank has become aware of an email appearing to be from the U.S. Small Business Administration (SBA) that contains malware. The email is identified by the Subject: SBA/Grant/Testing Centre Vouchers.
Your mobile device provides convenient access to your email, bank and social media accounts. Unfortunately, it can potentially provide the same convenient access for criminals. Ephrata National Bank recommends following these tips to keep your information – and your money – safe.
ENB has become aware of a new vishing scam in which reports indicate some of our customers have been targeted. Perpetrators of this scam call ENB customers posing as a "Security Officer from Ephrata National Bank". The caller then asks the customer to confirm suspicious transactions on their accounts. Once the customer confirms the transactions are not valid, the fraudster…
Individuals and businesses have become targets to a growing online fraud scheme known as ransomware. Ransomware is a form of malware used by cyber criminals to freeze your computer or mobile device, steal your data and demand a “ransom” — typically anywhere from a couple of hundreds to thousands of dollars — be paid.
Your quarterly account reconciliation is off. You’ve rechecked the figures, but profits are nowhere near what you’d projected. As you lean back in your chair, you recall that last quarter’s financials also showed a slight dip in revenue. Last time, you dismissed it as an accounting error. However, this time, the difference is significant. A possible explanation is one that some businesses are hesitant to consider: Fraud.
Imagine opening your bank statement and seeing debit card transactions you never made on your checking account. While the realization that your debit card has been compromised begins to sink in, you also notice that these unauthorized transactions have caused your account to become overdrawn.
Your Social Security number is an extremely important piece of personal information. These numbers are used to open new credit cards, to acquire loans and in some cases, to establish new identities. Because of this, criminals and scammers work very hard to steal Social Security numbers.
Accessing business accounts over the Internet is not just a convenience; it is a necessity in today’s fast-paced business environment. At Ephrata National Bank, we are invested in protecting our customer’s financial information and look forward to partnering with you to assist in safeguarding your online identity.
Recent news reports about skimming devices being placed on area ATMs have many ENB customers asking what they can do to protect their account funds. Fortunately, there are several proactive steps you can take when using an ATM and ways you can monitor your account to assist in determining if your card has been compromised.