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Port-Out Fraud

Has anyone heard of Port-Out Fraud?  Another term for this type of fraud is SIM swapping.  Port-Out Fraud is when a scammer fraudulently transfers your phone number to a new SIM card without your permission.  It allows the scammer to access accounts and services linked to your phone number, potentially leading to identity theft and […]

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Double-Sided Spoofing Scams

Double-sided spoofing is an increasingly prevalent social engineering tactic where a fraudster uses spoofing to manipulate both a customer and their financial institution.   The fraudster begins by using tools to spoof the financial institution’s phone number or caller ID and calls the customer, impersonating an employee. The fraudster will request information from the customer.

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2024 Fraud News

Welcome to the last Fraud Friday of 2024!  Over this past year EXB has made some great strides in the fight against fraud.  We established a Fraud Department, began using cutting edge software to aid in detecting and preventing check fraud, began monitoring the dark web for our customer’s information, changed some account opening procedures

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