Keeping a Watchful Eye During the Holidays

You decided to brave the Black Friday crowds. You’ve been waiting in line for hours to purchase a must-have gift, finally make it to the checkout to pay, and the transaction is declined. GASP! What? How!? A call to the card issuer reveals that your information has been stolen, and your account has been maxed...

Cybercrime This Holiday Season

This holiday season, use caution when shopping online. Be wary of these common holiday scams. Remember to always think before you click. Too-Good-To-Be-True Sales & Deals If you’re like many holiday shoppers looking for a good deal on gifts, remember to avoid any sales that seem too-good-to-be-true (because they probably are). Phishing emails or ads...

Protect Yourself from Peer-to-Peer (P2P) Related Fraud

Peer-to-peer  (P2P) payment apps such as Zelle, Venmo and CashApp enable users to conveniently send money directly to another user ⁠— and fraudsters aren’t afraid of exploiting them. P2P related fraud has been increasing over the last few years. With bad actors are finding very creative ways to exploit these P2P payment apps with phishing/smishing/vishing...

Beware of Amazon Prime Day Scammers

Amazon Prime Days brings discounted prices along with new phishing scams from cybercriminals looking for any opportunity to capitalize. Phishing emails using the Amazon brand to add legitimacy top the list, but scams involving text messages and even phone calls saying they are from Amazon have been reported. These scams take into consideration the huge...

Positive Pay can protect you from check fraud losses

Please be aware that we’ve recently seen an uptick in business check fraud, mainly from unattended mail. It’s important to have either a P.O. Box or direct delivery inside an office. If a criminal gets a hold of your checks, they’ve now obtained private business information, which not only allows them to alter your checks,...

Gift Card Scams

Scammers who ask for payment in gift cards often impersonate a well-known business or government agency, commonly with promises of tech or security support, which can be convincing. If you receive a call from someone claiming to be from Microsoft offering to help fix your infected computer for $200 in Target gift cards, that’s a...

How To Increase Your Business Cybersecurity

Nearly half of all cyberattacks target small businesses. Yet only 40% of small businesses have a cybersecurity policy. Security breaches surged in the pandemic as more employees worked remotely, making data even more accessible to cybercriminals. As businesses work to recover from the COVID-19 pandemic, their vulnerability to fraud is at an all-time high. Just...

Beware Of Text Messages Claiming That Your Debit Card Has Been Locked

Phishing text messages are becoming an increasingly common method for fraudsters to gain access to confidential information. Be on the lookout for text messages that claim your debit card is locked or has been blocked due to a recent transaction and ask you to respond if the activity is authorized or not, as shown in...

Protect Yourself From Tax Fraud

As tax season ramps up, so does tax-related fraud. Know what to look for, and take steps to protect sensitive information. SPOTTING TAX FRAUD Phone Calls: The IRS will never notify you of a tax issue by phone until it has first sent written notification, usually multiple times. If a caller claims to be from...

SBA PPP Borrower Data Publicly Released

Third-party businesses are using information from a court-ordered public release of Small Business Administration (SBA) Paycheck Protection Program (PPP) borrowers to deceptively market themselves. Their communications may reference Gorham Savings Bank and may even imply that we have an affiliation. Please be aware that we will communicate directly with you about your PPP loan and...

SBA COVID-19 Relief Scams and Fraud Alerts

Please be aware of a variety of malicious attempts by cyber-criminals taking advantage of the Small Business Administration (SBA)’s COVID-19 relief efforts to gather sensitive information and steal funds from businesses. Always think before you click! Grants/Loans The SBA does not initiate contact on either loans or grants.  If you are proactively contacted by someone...

Unemployment Insurance Program Targeted by Fraudsters

The US Secret Service is warning of a well-organized fraud ring exploiting the COVID-19 crisis in order to commit large-scale fraud against state unemployment insurance programs. Individuals are receiving multiple deposits from various State Unemployment Benefit Programs. It is assumed the fraud ring behind this possesses a substantial database of Personally Identifiable Information (PII) in...

Beware of COVID-19 Scams Using the FDIC’s Name

During these unprecedented times scammers are using false information regarding the security of people’s deposits or their ability to access cash to perpetuate fraud schemes. The FDIC does not send unsolicited correspondence asking for money or sensitive personal information. The agency will never contact you to ask for personal details, such as bank account information,...

Coronavirus Phishing Scams

Beware of COVID-19 emails that appear to come from reputable sources, such as the Centers for Disease Control (CDC) and World Health Organization (WHO). The body of these emails often contain recent news and updates related to the Coronavirus. These emails ask you to click on links for more detailed information – but actually link...

Recent Business Fraud Activity

The following types of business fraud have been on the rise. As always, we encourage you to be on the lookout – and to be diligent in your verification process. Wire Fraud We’ve seen an increase in business wire fraud from criminals intercepting valid wire request emails and altering the payment instructions. Never wire money...

Social Security Is Not Trying To Take Your Benefits

Scammers are making calls posing as someone from the Social Security Administration and telling people that their Social Security Number or Benefits will be suspended. The goal of this scam is to convince people to send money, often in the form of gift cards. What to do: Hang up – do not answer any questions...

Beware of Fake Equifax Data Breach Settlement Websites

The Equifax Breach, and subsequent settlement, has received a lot of media attention. Scammers are seizing this opportunity to establish fake settlement sites. Don’t follow email links or web search results. Refer to the FTC’s website for claim information, including officially approved links: www.ftc.gov/Equifax Scam Calls, Texts, and Emails Scammers are making calls and sending...

Beware of One-Ring Scams

Have you ever had your phone ring once and then stop? If so, you may have been targeted with what is known as a one-ring scam. What is a One-Ring Scam? Scammers ring once hoping you will think you missed a call and call back. The call may appear to originate from the U.S. with...

How To Shop Online Safely

As more consumers decide to shop from the comfort of their homes, scammers are finding ways to take advantage of online shoppers. There are three common ways that scammers can take advantage of online shoppers: Creating fraudulent sites and email messages – The benefit of shopping at a physical store is that you know where...

New Fraud Protections Now In Place

To provide further protection, customers will now receive text and email messages if suspicious purchases are detected. We will ONLY ask you to verify whether the purchase is valid or not. We will not ask for account or personal information. Customers are encouraged to provide updated mobile phone numbers and email addresses by contacting the...

Spectre and Meltdown – What You Need to Know

Hackers are always ready to exploit any opportunity to steal and misuse information. Two recently identified security flaws could allow hackers to steal sensitive data without your knowledge. Meltdown and Spectre exploit critical vulnerabilities in computer processors to allow programs to steal data processed on a computer. This might include passwords stored in a password...

Facts About the Equifax Data Breach

Facts About the Equifax Data Breach   Equifax Data Breach Equifax, one of the three largest credit reporting bureaus, recently identified a data breach potentially impacting more than 140 million U.S. consumers. The incident transpired from mid-May through July of this year. Here are some important facts you should know to protect yourself.   What...

Be Wary of Tech Support Scams

Cyber criminals often send fraudulent email or text messages, or call and claim to be from Microsoft, Apple, your anti-virus company or internet provider. They may even setup fake online pop-ups with warning messages to call and get the “issue” fixed. They offer to help solve your computer problems, or sell you a software license....