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Alerts: Frauds and Scams

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Counterfeit Cashiers Checks Scams
IF IT SOUNDS TOO GOOD TO BE TRUE IT PROBABLY IS! Counterfeit Cashiers Checks, also known as Treasurers Checks or Bank Checks, are becoming a way of life. Selling a car, boat, or any expensive item over the Internet? PLEASE BEWARE. If you receive a Cashiers Check for more than the selling price of the item, and the buyer asks that you wire the excess back, take the check to the nearest office of Taylor Bank for assistance. We can usually determine if the check is valid with one phone call. This Fraud Alert is courtesy of Taylor Bank. The website Bankers Online will give you an alphabetical list of all counterfeit Cashiers Checks and money orders reported to the FDIC.

Counterfeit Currency
Each year, beginning on or about Memorial Day, counterfeit currency and Travelers Cheques are passed in the Worcester County / Sussex Area. We feel it is important that you be notified of this possibility. Please be aware and, if you are a business customer, please alert your staff accordingly. We have information on how to detect this type of fraud. If you would like a copy, please feel free to ask a Branch Manager for a copy.

www.moneyfactory.com

E-Mail Fraud Information
Tech-savy criminals have been sending out millions of very sophisticated forged messages, asking recipients to update their account information or verify passwords through an attachment or link. The cybercriminals then use the data to withdraw funds from the victim's account or to apply for credit cards in their names. NEVER GIVE YOUR PERSONAL INFORMATION WITHOUT VERIFYING THE SOURCE! Taylor Bank and the FDIC will never ask for your confidential information by email. Be aware of fraudulent emails sent from: Citibank, Bank of America, eBay, PayPal and the Federal Deposit Insurance Corporation (FDIC). We have listed some websites below for further information.

How can you guarantee the security of my banking information?
We have extremely high criteria to guarantee the security of your banking information online. A few of these are listed below:

  • Your banking information never travels the Internet without encryption protection.
  • Log-in sessions have a time-out limit and after the limit is reached you are required to log-in again.
  • PIN guessing is deterred and reported.
Internet security is not a once and for all task. We are constantly developing and implementing security enhancements to ensure the integrity of our Internet Banking system.