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posted on Monday, June 24, 2024
Fraudsters often take advantage of new technology to trick consumers into giving them money. While innovative technology can be beneficial to many, it can also be detrimental when utilized by scammers. Recently, scammers have been using Artificial Intelligence (AI) to impersonate law enforcement, employees, or family members to extract private personal and banking information from their victims.
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posted on Tuesday, May 21, 2024
Despite a steep decline in the use of written checks – 82% over the last 30 years, according to the Federal Reserve – check fraud has become increasingly popular among criminals. Today, check fraud is costing banks and consumers billions in losses per year, more than twice what it was five years ago.
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posted on Wednesday, December 13, 2023
According to an analysis by FICO, card skimming increased by 500% in 2022. With such a large increase in activity over the past year, United Bank & Trust wants to make sure consumers know how to avoid becoming a victim of skimming fraud before they hit the road for their holiday travels.
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posted on Monday, November 27, 2023
While online shopping is convenient, it is also filled with fraudsters looking to steal your private personal and financial information. As you begin your holiday shopping this season, be on high alert as you search for the best deals.
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posted on Thursday, November 16, 2023
United Bank & Trust warns consumers to watch out for common payment app scams!
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