Fraud Prevention

Fraud & Scam Alerts

Unfortunately scams have become a very common way to trick consumers into sharing private, personal information with fraudsters or send money to them.  There are scams in just about every category...romance scams, car buying scams, fake check scams, job scams, gift card scams...the list goes on and on! We want to help provide you with resources and information so that you won't fall victim to scams. 

Be Aware of Common Scams

• Phishing Scams - Every day, thousands of people fall victim to phishing scams. Phishing is a type of scam where criminals make fraudulent emails, phone calls and texts that appear to come from a legitimate bank.
  • Banks Never Ask That - Check out our Banks Never Ask That page for tips and videos so that you can know what questions we aren't going to ask to protect yourself and your information.
    
  • How to Recognize and Avoid Phishing Scams - The Federal Trade Commission (FTC) provides a lot of resources to help you recognize these scams and what to do next. Click here to learn more.

• Money Laundering Scams - Scammers are using threatening and intimidating tactics to accuse you, your spouse or your bank of money laundering. They ask for money to help clear your name or to help them catch your bank. If you receive a call like this, it’s a scam.
  To avoid these types of scams:
  • Never talk with someone you don't know about where you bank.
  • Don't give cash to someone you don't know that is demanding you pay them.
  • Be careful of scare tactics to cause you to take immediate action because of fear.
  • Know that you won't be contacted with claims about your bank participating in money laundering. Banks are heavily regulated and government agencies would contact the bank directly if there are any concerns.
  • Don't trust unknown callers. Hang up and immediately contact local law enforcement and your bank to make them aware of the calls

• Amazon Imposter Scams - The FTC recently shared tips to spot Amazon imposter scams and how to protect yourself. In these scams, "Amazon" contacts you to confirm that you didn't make a recent purchase or talk with you about your account being compromised. There are several versions of these scams. Here are some tips from the FTC on how to avoid these scams:
  • Never call back an unknown number. Use the information on Amazon’s website and not a number listed in an unexpected email or text.
  • Don’t pay for anything with a gift card. Gift cards are for gifts. If anyone asks you to pay with a gift card – or buy gift cards for anything other than a gift, it’s a scam.
  • Don’t give remote access to someone who contacts you unexpectedly. This gives scammers easy access to your personal and financial information—like access to your bank accounts.

• Fraud Department Imposters - Scammers are sending texts and calling customers posing as our fraud department, disguising their caller ID to make it look like it's coming from the Legend Bank Customer Care phone number (800-873-5604). If you get a call requesting your online banking login ID and password, don't share it, even if the caller says they are verifying fraudulent transactions on your account. 
  Learn More About This Scam

• Coronavirus Scams - The FTC has released tips you can take to avoid being a victim of a Coronavirus Scam. These scams include phishing emails, online offers for vaccinations, charitable contributions and more. I encourage you to review these tips and resources to protect yourself by visiting the FTC website. 

• Stimulus Scams - Learn more from Advanced Fraud Solutions in their blog post "Four Dangerous Stimulus Scams". Here are four things of their recommendations:
  • Don't answer unsolicited calls or emails
  • Don't share personally sensitive information
  • You can't pay to get your stimulus early
  • Don't fall victim to a doppelganger check scheme

• Social Security Scams - The FTC has provided these tips about scams where people pretend to be from the Social Security Administration trying to get your number and even your money!

• IRS Scams - IRS imposter scams are becoming a popular ways to scare consumers into making payments. Learn more from the FTC.

• Fake Check Scams - Fake checks are used in a variety of scams, for example if you are told you won a big prize or you are offered a mystery job opportunity, you could be a victim of a fake check scam. Scammers continue to trick consumers into sending them money through these scams. Learn more about these scams and how to avoid them by clicking here. 

• Romance Scams - Romance scams are often initiated online and typically begin like any other online relationship: interested parties exchange basic information, where they work, where they live, hobbies and interests. Relationships may form very quickly with the scammer expressing their “love” early on, despite never meeting in person. Learn more with these resources from the FTC.

• Online Security - Protect your computer and online files from the bad guys with these tips from the FTC.

Stop Identity Theft

Identity theft occurs when someone uses your personal information such as your name, Social Security number, credit card number, debit card number and PIN or other identifying information without your permission to commit fraud or other crimes.

To prevent being a victim of identity theft:

• Don't give out private, personal information to someone you don't know or to someone contacting you directly asking for this information
  
• Review your bills and statements on a regular basis
  
• Guard your mail and trash from theft
  
• Shred items that contain personal information
  
• Report lost or stolen checks or credit cards immediately

Reporting and Recovering from ID Theft

• Report identity theft and get a recovery plan from the FTC's site IdentityTheft.gov. 
• Learn more about how to protect your identity, what to do if there's a data breach as well as get access to free resources to help at the FTC's Recovering from Identity Theft site.