At Old National, we’re committed to helping our clients protect themselves against scams. Throughout the year, we provide educational information to help you spot and avoid scams, which is why we’ve, joined with the American Bankers Association (ABA) and banks across the country in a nationwide effort to fight phishing – through the Banks Never Ask That campaign.
Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And with so many people now using digital banking, the problem is only growing. In fact, a Federal Trade Commission report on fraud estimates that American consumers lost a staggering $1.9 billion to these phishing schemes and other fraud in 2019 – and the ongoing pandemic has only increased the threat in 2020.
Know the red flags
Along with the ABA, we want every bank customer to become a pro at spotting a phishing scam – and stop bank impostors. It starts with these four words: Banks Never Ask That. Because when you know what sounds suspicious, you’ll be less likely to be fooled. These top 3 phishing scams are full of red flags:
- Text Message: If you receive a text message from someone claiming to be your bank asking you to sign in, or offer up your personal information, it’s a scam. Banks never ask that.
- Email: Watch out for unsolicited emails that ask you to click a suspicious link or provide personal information. The sender may claim to be someone from you bank, but it’s a scam. Banks never ask that.
- Phone Call: Would your bank ever call you to verify your account number? No! Banks never ask that. If you’re ever in doubt that the caller is legitimate, just hang up and call the bank directly at a number you trust.
You’ve probably heard about some of these scams before, but that doesn’t stop a scammer from trying. For more tips on how to keep phishing criminals at bay, including videos, an interactive quiz and more, visit www.BanksNeverAskThat.com. Be sure to share the webpage with your friends and family. And remember that the Old National security center on oldnational.com is always available to help you protect yourself and your accounts.
Show your scamspotting knowledge and win!
Take the five-minute quiz at www.BanksNeverAskThat.com to become a scamspotter pro! Share your scam score on Twitter for a chance to win weekly prizes, courtesy of the American Bankers Association. Each Friday in October the ABA will draw 15 winners. One lucky grand-prize winner will receive $1,000!
Contest courtesy of American Bankers Association. No purchase necessary. Void where prohibited. Ends 10/31/20. See official rules here.
Kyle is a Senior Analyst with Old National’s Information Security team, responsible for protecting the bank and its clients from cybersecurity risks. He joined Old National in 2005 and has worked in various compliance, security and third-party due diligence roles.
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