Protecting your financial data has never been more critical. With cyber threats constantly evolving, safeguarding your personal and financial information is essential to ensuring peace of mind. In 2024, almost 1 in 3 Americans were scammed, with an average loss of $1,600 per victim. Data Privacy Day 2025 serves as an important reminder to take action against these threats.
Letโs explore the risks and how you can stay ahead of them:
The Latest Fraud Tactics Targeting Your Money
- ATM skimming devices: Criminals use hidden devices to steal card information at ATMS
- Phishing emails and spoofing calls: Fraudsters impersonate trusted entities to extract sensitive information
- AI scams: Cybercriminals leverage AI to create convincing but fraudulent interactions
- Cryptocurrency / investment scams: Promises of high returns lure victims into fake investment schemes
- Purchase and employment scams: Scammers exploit online marketplaces and job platforms to steal money or personal details
Common Misconceptions About Financial Data Security
- Myth: Debit and credit cards offer the same protection. Fact: Credit cards often have better fraud liability protections.
- Myth: Online banking isnโt safe. Fact: Secure banking apps and websites use advanced encryption to protect your data.
How to Stay One Step Ahead: Proactive Financial Safety Tips
- Enable two-factor authentication (2FA) for all online banking accounts
- Review and adjust privacy settings on social media and other platforms
- Avoid using public Wi-Fi for financial transactions
- Regularly update your passwords, using unique combinations for each account
- Be wary of unsolicited emails and unsubscribe from unnecessary mailing lists
- Monitor your credit report annually for signs of fraud
- Use trusted bank mobile apps for secure, real-time alerts
- Clean your browser cookies and update software regularly
Data Privacy Is a Team Effort
At Penn Community Bank, weโre committed to your financial safety. We urge you to monitor your accounts closely, ensure your passwords and contact information are updated, and most importantly: report any suspicious activity immediately. By working together, we can build a strong defense against fraud.
Visit our Security Center for tips and tools to stay informed. For any questions or to report fraud, visit a financial center near you or call our Customer Contact Center at 215.788.1234.
