Category: Identity Protection

Uncovering Elder Financial Fraud (And Tips on How to Prevent it From Happening)

Senior man on the phone with Minster Bank discussing elder financial abuse and fraud prevention.

Every year, seniors lose more than $3 billion annually from elder fraud, according to the FBI. Unfortunately, this type of financial fraud is only on the rise, and at Minster Bank, especially in the last few years, we’ve seen more and more of these events happen. Examples of Financial Fraud “In the last few months,… Read more »

4 Major Warning Signs of Financial Fraud: How to Spot a Financial Scam

Middle-aged woman holding schnauzer dog browses online safely watching out for warning signs of financial fraud.

In today’s world, scammers have more tools than ever to separate you from your hard-earned money — especially as more people are spending time online and conducting business virtually. Whether you’re trying to make smart investments or just protect yourself from being victimized, it’s important to know these major warning signs for financial fraud. Keep… Read more »

Protect Your Identity by Attending a Community Shred Event

Minster Bank employees with shred-it truck

With identity thieves lurking, it can be stressful worrying over the security of your identity. A major way to cut down on the risk of identity theft is to shred any unnecessary personal documents you don’t need, such as tax returns, pay stubs and old bank records. At Minster Bank, we’re here to help protect… Read more »

How to Recognize and Prevent Fraud Against Seniors: Elder Financial Abuse Scams to Look Out For

Senior couple sitting on the couch reading through elder financial abuse scam tips in their Minster Bank banking papers.

Financial scams against the elderly are on the rise — and getting more sophisticated. Whether you’re looking to protect yourself or others, it’s important to stay informed about the methods scammers use to swindle people out of their money. In the webinar below we discuss how to protect yourself and your loved ones from elder… Read more »

5 Steps You Should Take to Keep Your Account Safe

Millennial woman in blue shirt checks her Minster Bank account using her laptop at home

Did you know that cybercrime could cost the world $10.5 trillion annually by 2025? As more and more data floods the internet, servers and our digital devices, the risk that individuals, businesses and government organizations will have their data compromised grows exponentially each year. That said, you can take steps to minimize your risk of… Read more »

4 Simple Steps to Keep Your Bank Account Safe

African American couple compare paper statements to online bank account to check for fraud and financial discrepancies

Criminals are looking for accounts they can easily hack and information they can easily steal. Here are four easy steps you can take to help protect your account from thieves. Review Your Bank Statements Whether you receive online or paper statements of your account’s activity, it is important to read them line by line. It… Read more »