Timely Topics:
When cybersecurity is inadequate, it can lead to stolen identity and financial loss. Most scams and scammers have two main goals–to steal your money and your identity. You should know what to look for, how they work, and what to do, so you can protect yourself and your finances.
From “FDIC Consumer News” (10/21/2021)
Targeting Generational Profiles For Effective Bank Fraud Prevention
Among the most concerning factors shaping banking fraud patterns today is not just digital transformation and the pandemic. It is also how fraudsters have adapted their tactics according to unique generational differences of consumers. The techniques bad guys use to target the upper age brackets are not the same tactics they use to lure younger Generation X and millennial customers. Even more frustrating is that the fraudsters are sometimes aping many financial institutions’ very own generation-targeted marketing schemes and product offerings to snag each of these widely different groups of consumers.
From “ABA Risk and Compliance” Glen Fratangelo (10/14/2021)
Internet Safety Guide For College Students
Corporations invest billions into protecting private data. Globally, the cybersecurity services market brought in $173 billion in 2020. However, cybersecurity isn’t only a concern for government agencies and major corporations. Hackers and scammers also target individuals, including college students. Fortunately, college students can protect their private data and improve their internet safety without a corporate-sized budget.
From “ZD Net” Genevieve Carlton (10/01/2021)
Beware Poisoned Apple AirTags That Exploit Unpatched “Lost Mode” Flaw
If you’re unlucky enough to mislay your Apple AirTag tracking device, or the item it is attached to, then never fear. Apple AirTags have a feature that allows anyone who finds one to scan it with their smartphone, and be taken to information which lists the owner’s phone number so your property can be returned to you. That’s very cool. But what isn’t cool is that the feature can be abused to deliver malware or steal credentials from the unwitting Good Samaritan who is trying to locate an AirTag’s genuine owner.
From “Bit Defender” Graham Cluley (9/30/2021)
Do You Practice Safe Checks? It should come as easily as airline safety, so buckle up for this one. Despite the fact that check use has declined by 25%, reports of check fraud have soared. In fact, they’ve nearly doubled since 2021. Criminals are becoming more sophisticated and finding new ways to steal your financial […]
Learn More About Practice Safe ChecksProtect Yourself from Scammers According to a recent alert to banks from the Financial Crimes Enforcement Network, part of the Treasury Department, criminals have been increasingly targeting the U.S. Mail and United States Postal Service mail carriers since the COVID-19 pandemic to commit check fraud. Criminals typically steal personal checks, business checks, tax refund checks, […]
Learn More About Check Theft & FraudHabitat for Humanity of Horry County has been awarded $200,000 in Affordable Housing Program (AHP) funds from the Federal Home Loan Bank of Atlanta (FHLBank Atlanta), in partnership with South Atlantic Bank as the member bank. This funding will support Habitat’s mission to provide safe, affordable housing solutions for families in Horry County. The AHP […]
Learn More About Habitat for Humanity of Horry County Partners with South Atlantic BankEach year older Americans lose approximately $2.9 billion to fraud, but it is suspected that number is drastically underestimated because only one in 44 seniors report financial abuse. The following tips are helpful for seniors and their financial caregivers to proactively protect themselves and their loved ones from fraud. For more financial caregiver resources, visit […]
Learn More About Safe Banking for SeniorsWe're here to help you. Visit our Help Center to find important information and frequently asked questions.
Visit Help CenterReady to make the switch? Open a new account with South Atlantic Bank.
Open an Account Now