Recently, scammers are utilizing a popular online payment platform called Zelle to steal your money. The scam is a form of a phishing attack where the scammer pretends to be a bank representative alerting you of a fraudulent activity on your account. The scammer offers to stop the fraudulent activity by asking you to send yourself money with Zelle. By utilizing scare tactics and a sense of urgency, scammers get unsuspecting victims to act fast..Continue Reading >>
In this era of digital finance, we are sharing some helpful hints about keeping your financial information safe. Whether you are client of First Foundation Bank or another institution you can follow these tips to avoid becoming the next victim of financial fraud.
Security is paramount to everything we do at First Foundation Bank. With the proliferation of online activity among the banking community, there has been an equal increase in scams via..Continue Reading >>
Ransomware attack estimates were at 304.7 million in August 2021, which is the same number of total attacks as the entire 2020 calendar year had. To put it into a fiscal perspective, the 2020 reported losses exceeded $4.1 Billion. Losses for 2021 are approximately $4.9 Billion so far, and the busiest season for ransomware isn’t even here yet! However, there appears to be lull in September, with the number of reported attacks actually decreasing...Continue Reading >>
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