Protect yourself from social engineering fraud
November 24, 2021
With more Americans turning to online and mobile banking to manage their finances, social engineering fraud is on the rise. Learn how Webster First works to keep your money safe, and ways to protect yourself.
What is social engineering fraud?
Social engineering is when a fraudster impersonates someone else – think a boss, a customer, or a trusted institution like your credit union or insurance company – in order to get private information they can use to steal your identity or your money.
How Webster First protects you
Our team is well trained in spotting and preventing fraud. Here are some ways we work to protect you:
- Identity confirmation: When you visit or call us, we will always confirm your identity before sharing private information or making transactions.
- Multifactor authentication with one-time passcodes: When you, or someone else, attempts to log in to your accounts on a new device (or if you’ve recently deleted your cookies) we’ll verify it’s really you by sending a one-time passcode to a phone number or email address you’ve previously verified. You’ll be asked to set up a verified device when you first create your online account, and you can switch your device on demand after a successful log in. To edit your verified device, click on “My Settings” within online banking and navigate to “Security options.”
- Debit card control: Our MobiMoney app lets you switch your debit card on and off, set use limits, and get alerts when your card is used.
- Card alert notification program: Complimentary fraud monitoring is included with every debit card. All activated cards are automatically enrolled for maximum convenience. This program monitors your card transactions for suspicious activity. If potentially fraud transactions are detected, we’ll contact you immediately.
How you can protect yourself
- Only call us via the phone numbers available on our website, websterfirst.com.
- Don’t share your online login information or provide a one-time passcode to anyone who is not authorized to have access your account.
- Never click on links in unsolicited emails or texts.
- If you receive a text, call, or email for a one-time passcode authorization that you did not request, don’t respond or validate the login.
- Never trust caller ID as caller ID may be modified to show any name, including businesses.