Unwrapping Scams!

Scams are one thing you don’t want to unwrap this holiday season!

Every day, thousands of people fall victim to fraudulent emails, texts, and calls from scammers pretending to be their bank. In this time of expanded use of online and mobile banking, the problem is only growing worse. The Federal Trade Commission’s report on fraud estimates that American consumers lost a staggering $8.8 billion to phishing scams and other fraud in 2022—an increase of 44% over 2021. 

It’s time to put scammers in their place.

Online scams aren’t so scary when you know what to look for. And at Katahdin Trust, we’re committed to helping you spot them as an extra layer of protection for your account. We’ve joined with the American Bankers Association and banks across the country in a nationwide effort to fight phishing—one scam at a time.

We want every bank customer to become a pro at spotting a phishing scam—and stop bank impostors in their tracks. It starts with these four words: Banks Never Ask That. Because when you know something sounds suspicious, you’ll be less likely to be fooled.

These top 3 phishing scams are full of red flags

According to financial planners, there are three pitfalls to avoid when spending around the holidays.

1. Text Message: If you receive a text message from someone claiming to be your bank asking you to sign in, or offer up your personal information, it’s a scam. Banks never ask that.
2. Email: Watch out for emails that ask you to click on a suspicious link or provide personal information. The sender may claim to be someone from your bank, but it’s a scam. Banks never ask that.
3. Phone Call: Would your bank ever call you to verify your account number? No! Banks never ask that. If you’re ever in doubt that the caller is legitimate, just hang up and call the bank directly at a number you trust.

You’ve probably seen some of these scams before. But that doesn’t stop a scammer from trying. For tips, videos, and an interactive quiz to help you keep phishing criminals at bay, visit www.BanksNeverAskThat.com. And be sure to share the webpage with your friends and family.

Katahdin Trust Company. Community Banking at its best since 1918.
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