Year after year, reports of debit and credit card fraud and associated financial losses continue to rise. As scammers become more skilled and sophisticated with their schemes, individuals need to enhance their digital security. So, how do you stay ahead of the game, you ask? Well, with the right knowledge and tools, of course. One powerful weapon is the ability to freeze or unfreeze your card using the Logix Mobile Banking app.
Online Marketplace Scams
Whether you’re looking for a houseplant, a coffee table, or a new gaming console, online marketplaces can be great places to start. But be careful. Anonymous listings and virtual transactions are ripe for online marketplace scams, which can take a variety of forms.
Can You Spot a Scam?
Scammers are always coming up with new ways to trick people, but no matter the scam, there are common trends you should be aware of to keep your money and personal information safe.
A scammer might call or text you, impersonating someone from Logix, a collection agency, or another person or company you would be inclined to trust. Common tactics include:
Protecting Yourself From Holiday Identity Theft
The holiday season is a time when people are more vulnerable to identity theft scams. Not only are people making more purchases than any other time of year, but they are often distracted when doing so. During the holiday season, stores and shopping malls are bustling with people – especially at peak shopping times during evenings and weekends. When shoppers are focused on their gift lists, looking for bargains, or tending to the kids, attention might not be on security.
ATM Safety Tips
With increasing rates of ATM scams in recent years, it's extremely important to stay alert and protect yourself when using the ATM. ATM fraud occurs when criminals steal card information through an ATM, and use that information to make unauthorized purchases or withdrawals. They typically rely on equipment installed at ATMs or wireless sensors to capture the information and create duplicate cards. Even without a physical card, the stolen data can be used to charge purchases or withdraw funds from your account.