There has been a drastic increase in mobile device fraud. Do NOT click on anything that you’re not expecting to receive. Learn about the hazards of falling victim to cell phone fraud and how to mitigate the risks below. How mobile device fraud works: The fraudster will send a text message directing you to “click here.” This action…
Sweetheart Scams occur when individuals are misled into believing they have formed genuine relationships with deceptive scammers. Once trust is established, these individuals exploit victims emotionally, financially and for personal information. The proliferation of online dating and social media has made it easier for such scammers to find innocent targets. Falling victim to this scam…
As you may have heard, with the Corporate Transparency Act (CTA) that was passed at the end of 2021, businesses will now have to register and report their Beneficial Ownership to FinCEN (Financial Crimes Enforcement Network) using an online portal, known as the BO IT System. New businesses formed this year (2024) will have 90 days to…
Data Privacy In the digital age, the internet acts as a bustling superhighway, offering us a myriad of opportunities to connect and explore. However, this ever-growing landscape also serves as a prime hunting ground for scammers seeking to pilfer personal information. As we approach January 28th, designated as National Data Security Day, it becomes crucial…
When it comes to securing a mortgage, one of the critical decisions you’ll face is choosing between a fixed-rate and a variable-rate mortgage. Each option comes with its own set of advantages and considerations and the right choice for you depends on your financial situation, risk tolerance and long-term goals. Fixed-Rate Mortgages Fixed-rate mortgages lock…
As winter approaches and holiday travel plans take center stage, winter wanderers must be on high alert for potential scams lurking in various forms. From deceptive emails to cunning calls and enticing social media posts, scammers are ramping up their efforts to exploit the joyous spirit of the season. Here’s how to navigate the winter…
As the holiday season approaches, developing a realistic holiday budget, stress-free shopping, and a financially sound celebration are critical for everyone’s well-being. The hustle and bustle of the holiday season often gives way for individuals to overspend, resulting in financial stress that lingers long after the festivities end. With our step-by-step guide, we aim to…
During the holiday season, online shopping has become an essential element of the holiday experience. Still, even though online markets are convenient, you should be careful when using them. Here are some helpful hints for having a pleasant online buying experience and avoiding scams: Track Your Packages: Whenever you make a purchase online, make sure…
As the holiday season approaches, consumers gear up for the annual shopping frenzy known as Black Friday and Cyber Monday. In the midst of enticing discounts and limited time offers, it’s easy to get caught up in the excitement and overspend. To help shoppers make the most of these sales events without breaking the bank,…
As the real estate market continues to evolve, prospective homebuyers are faced with various choices and decisions. One of the pivotal considerations in the homebuying process is understanding the distinction between Mortgage Pre-Approval and Pre-Qualification. To shed light on this often-confusing subject, experts weigh in to help homebuyers make informed decisions. Mortgage pre-approval and pre-qualification…
As we conclude October’s Cybersecurity Month, it is essential to reinforce the importance of safeguarding both yourself and your financial institution, such as RCB Bank, against the ever-present threat of phone-based social engineering. This form of cybercrime preys on trust and human vulnerability, making it crucial for individuals and institutions to stay vigilant. Here are…
Our phones have evolved beyond mere communication devices, transforming into powerful tools for social engineering. Phone-based social engineering is a sophisticated threat that manipulates individuals into revealing confidential information or engaging in actions that compromise security. Recognizing the warning signs of these deceptive tactics is crucial to safeguard your personal and financial information. Unsolicited Calls:…
If you receive a call or text from RCB Bank requesting information of any kind, hang up and call your local branch or a verified RCB Bank phone number.