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When you log into your bank, credit card, or other online account (Amazon, your health insurance website, etc.), you might receive a text message or email containing a verification code.
If there's something unusual about your sign in or recent activity, we'll ask you to go through another verification step after you've entered the correct password. This is an important security feature that helps to protect your account from unauthorized access.
The Federal Trade Commission says scams are getting more complex, and highlights one scam that tries to get consumers to share verification codes. Bank issues warning to never share verification codes
• Add another level of security - Turn on two-step verification and get sent a security code when someone logs in from an unfamiliar device or location. • Update your recovery information - Keep a current email address and mobile number on your account.
The best way to combat bank fraud is to be aware of common scams so you don’t fall victim. To help you get informed, he shared five signs someone is impersonating your bank . 1.
• Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money. • Pay attention to the types of data you're authorizing access to, especially in third-party apps.
For those who are victims of bank fraud, it’s also worth checking your credit report for any unusual activity to ensure someone hasn’t opened a credit card in your name. 7. Profile change alert
Some clues of fraud: • Messages marked "Urgent" are usually fraudulent. • If an email address that claims to be from a bank or business headquartered in the United States ends with .cn or any other country code, it is not legitimate. • Many fake sites will place a picture of a fake lock icon on their site.
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