Education - Seasonal

light bulb drawing with education text


You’ve noticed them on social media – the “fun” online quizzes. Social media is flooded with “quizzes” and "challenge" posts to get to know friends and followers, but you need to be careful about what you share on social media.

"Your high school nickname + your favorite snack food" can contain clues crooks can use to piece together your online account passwords, or the answers to those security questions you fill out in case you forget your password. “What’s your favorite color?” or “What is your mother’s maiden name?” are all a part of a big scheme to gain clues to your personal identity. These could be answers to your security questions or to reset passwords.

You should resist the temptation to play along with these games that are associated with your name on social media. If you have participated, it might be a good idea to change your security questions and settings if you’re nervous something you shared could open you up to fraud.

Don’t be vulnerable to identity theft.


The Financial Crimes Enforcement Network today issued an advisory alerting consumers about impostor scams and money mule schemes connected to the coronavirus pandemic. FinCEN noted that COVID-19 impostor scams generally involve fraudsters posing as officials or representatives from the IRS, the Centers for Disease Control and Prevention, the World Health Organization or other healthcare or nonprofit groups and academic institutions. Such scams often seek to coerce victims to provide personal information or send payment in order to receive coronavirus-related government benefits, or to share information as part of contact tracing efforts.

In addition, money mule scams have been observed during the pandemic, with scammers often using good-Samaritan, romance or work-from-home schemes to entice victims to open new bank accounts that can then be used to move laundered funds.

Please be vigilant and do not fall for such activity. If you feel that you made an error in judgement and provided funds to a scammer, please contact the Bank immediately.