Category Archives: Important Alerts & Scams

Advance Fee Scams: Warning Signs and How to Protect Yourself

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An advance fee scam typically involves a promise of a loan, credit card or cash advance in exchange for an upfront payment. Once the fee is paid, the promised funds never arrive.

According to data from the Federal Trade Commission (FTC), consumers lose billions of dollars to fraud each year. As scammers become increasingly sophisticated, understanding common warning signs can help protect your finances and personal information. Understanding how these scams work can help you protect your finances and avoid becoming a victim.

What is an Advance Fee Scam?

An advance fee scam occurs when a person or company claims they can provide a loan, credit card or financial service, but requires payment before delivering the promised funds.

The fees may be described as:

  • Loan processing fees
  • Insurance fees
  • Application fees
  • Security deposits
  • Administrative costs

In many cases, scammers claim the payment is required to guarantee approval, even if you have poor credit or limited borrowing history. Once the fee is paid, the promised money never arrives.

What are Some Warning Signs of an Advance Fee Scam?

Recognizing these common red flags can help you avoid fraudulent offers.

Guaranteed Loan Approval: Be cautious of any “lender” that guarantees approval without reviewing your financial information. Legitimate financial institutions evaluate several factors such as income, credit history, and repayment ability before making lending decisions.

Requests for Upfront Payment: One of the most common indicators of an advance fee scam is a request for payment before receiving loan proceeds. Remember this simple rule: Never pay money to receive money.

Pressure to Act Quickly: Scammers often create a sense of urgency by claiming an offer is available for a limited time or that immediate action is required. Pressure tactics are designed to prevent consumers from researching the offer or asking questions.

Unsolicited Loan Offers: Unexpected emails, text messages, social media messages or phone calls offering guaranteed loans should be treated with caution.

Requests for Unusual Payment Methods

Be wary if someone asks you to pay using:

  • Gift cards
  • Wire transfers
  • Cryptocurrency
  • Peer-to-peer payment apps

These payment methods can make it difficult to recover lost funds.

How Can You Protect Yourself from Loan Scams?

Before applying for any loan or cash advance, take these precautions:

Verify the Lender: Research the company online and confirm that it has a legitimate website, physical address and customer service contact information.

Read Reviews and Check Credentials: Look for independent reviews and verify that the lender operates legally in your state.

Protect Personal Information: Do not provide sensitive personal or financial information to unsolicited callers, emails or text messages.

Review Loan Terms Carefully: Take time to understand the loan terms, fees, and repayment requirements before signing any agreements.

What Should You Do if You Suspect a Scam?

If you believe you’ve encountered a loan scam:

  1. Stop communicating with the individual or company.
  2. Do not send additional money or information.
  3. Monitor your financial accounts for suspicious activity.
  4. Change passwords if personal information may have been compromised.
  5. Report the incident to the appropriate consumer protection authorities, such as the FTC.

Taking action quickly can help limit financial losses and protect your personal information.

Frequently Asked Questions

Are Upfront Loan Fees Legal? Some legitimate loans may include fees that are disclosed within the loan agreement. However, lenders generally do not require consumers to send money before receiving loan funds.

Can Scammers Use Fake Lender Websites? Yes. Fraudsters often create professional-looking websites, emails, and advertisements that mimic legitimate financial institutions. Always verify a lender’s contact information and reputation before sharing personal information or applying for a loan.

What is the Biggest Warning Sign of an Advance Fee Scam? A request for payment before receiving a loan is one of the most common warning signs. If a lender asks for money upfront, take time to verify the legitimacy of the offer before proceeding.

How Can I Verify a Lender is Legitimate? Before applying for a loan, research the lender’s website, verify contact information, read customer reviews and confirm that the company is authorized to operate within your state. Legitimate lenders are transparent about their products, fees, and lending requirements.

Protecting Your Financial Future

Financial scams continue to evolve, making awareness one of the most effective tools for protecting yourself.

Before accepting any loan offer, take time to verify the lender, review the terms, and ask questions. If an offer seems too good to be true, it may be worth taking a closer look.

At First Financial, we’re committed to helping our members make informed financial decisions and protect themselves from fraud through education, trusted financial guidance, and responsible banking practices.

Remember: Legitimate financial institutions will clearly explain their products, disclose applicable fees, and give you time to review your options before making a decision.

To continue learning about financial wellness and protecting yourself from fraud, visit our Tools & Publications page or explore related articles on our First Scoop Blog, including resources on financial security, identity theft protection, and smart money management. If you have questions about our financial products, account security, or potential scams, our team is here to help – contact us today.

Cybersecurity Basics for Small Businesses

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In today’s digital world, cybersecurity isn’t just an IT issue – it’s a business essential. Small businesses are increasingly targeted by cybercriminals, often because they have fewer protections in place. With a few smart practices, you can significantly reduce your risk.

Why Cybersecurity Matters for Small Businesses

Many small business owners assume hackers only go after large corporations, but that’s not always the case. Cybercriminals look for easy entry points, and smaller organizations can be more vulnerable.

Even a single data breach can lead to:

  • Financial loss
  • Operational disruption
  • Damage to your reputation
  • Loss of customer trust

That’s why building strong cybersecurity habits is critical to protecting your business and your customers.

1. Protect Your Devices and Data

Start with your everyday tools.

  • Keep software up to date: Regular updates fix security vulnerabilities and should be set to automatic whenever possible.
  • Back up important files: Store backups offline or in the cloud so you can recover quickly if something goes wrong.
  • Use passwords on all devices: Laptops, phones, and tablets should always be secured.

Think of this as your first line of defense, keeping your systems current and your data recoverable.

2. Strengthen Access with Passwords and Authentication

Weak passwords are one of the most common entry points for cyberattacks.

  • Use strong passwords (at least 12 characters with a mix of letters, numbers, and symbols).
  • Never reuse passwords across accounts.
  • Enable multi-factor authentication (MFA) for sensitive systems.

MFA adds an extra layer of protection, like a one-time code sent to your phone – making it much harder for others to gain access.

3. Secure Your Network

Your internet connection is a gateway into your business, so it needs to be protected.

  • Change default router names and passwords.
  • Use WPA2 or WPA3 encryption on your Wi-Fi network.
  • Turn off remote access unless absolutely necessary.

If employees work remotely, consider using a secure VPN connection to keep data protected.

4. Train Your Employees

Your team plays a major role in keeping your business secure.

  • Teach employees how to recognize phishing emails and suspicious links.
  • Provide regular cybersecurity training and updates.
  • Encourage safe browsing and password practices.

Even the best systems can be compromised by human error, so awareness is key.

5. Limit Access to Sensitive Information

Not every employee needs access to everything.

  • Restrict access based on roles and responsibilities.
  • Regularly review who has access to critical systems.
  • Remove access promptly when roles change.

This reduces the risk of both accidental and intentional data exposure.

6. Encrypt Sensitive Information

Encryption protects your data, even if it’s intercepted or stolen.

  • Encrypt laptops, mobile devices, and storage systems.
  • Protect customer and financial data both in storage and during transmission.

This ensures sensitive information stays unreadable to unauthorized users.

7. Make Cybersecurity Part of Your Daily Operations

Cybersecurity isn’t a one-time setup, it should be part of your ongoing business practices.

  • Create a data breach response plan.
  • Regularly review and update your security measures.
  • Monitor systems for unusual activity.

Having a plan in place can help your business respond quickly and minimize damage if an incident occurs.

Cybersecurity Doesn’t Have to Be Overwhelming

Cybersecurity may feel overwhelming, but starting with the basics can make a big difference. By protecting your devices, training your team, and building strong habits – you can safeguard your business from costly cyber threats.

At First Financial, we’re committed to helping our business members stay secure and financially strong. Whether you’re managing day-to-day operations or planning for growth, taking steps to protect your data is one of the smartest investments you can make in your business.

Learn more about protecting your private data and common scams on our First Scoop Blog. If you notice any unusual activity on any of your First Financial accounts, contact us right away.

Received a Call Saying You’ve Won a Prize? That’s a Scam

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Imagine this: your phone rings, and on the other end is someone telling you that you’ve just won a prize, maybe a brand new car, a big cash payout, or the latest tech. Sounds exciting, right? Unfortunately, it’s almost always a scam. These “you’ve won!” messages are one of the oldest tricks in the book, and they’re unfortunately still fooling people today. Keep reading to learn how to prevent this scam from happening to you, and how to protect your finances from scammers.

How the Prize Scam Works

Scammers will reach out by phone, text, email, or even social media claiming you’ve won something valuable. Sometimes they pretend to represent well-known companies or sweepstakes organizations to sound legitimate. But there’s a catch.

Before you can “claim” your prize, they’ll tell you that you need to pay a fee – which will be used to cover any of the following:

  • Taxes
  • Shipping and handling
  • Processing or insurance

Here’s the truth, real prizes are free. If someone asks you to pay to receive any portion of a prize, it’s a scam.

Red Flags to Watch Out For

Scammers rely on urgency, excitement, and confusion to get you to act quickly. Here are the biggest scam warning signs:

  • You didn’t enter anything: You can’t win a contest you never signed up for. If it feels random, it probably is.
  • You’re asked to pay upfront: Legitimate sweepstakes never charge fees to collect any portion of the winnings.
  • They request personal or financial information: No real prize requires your Social Security Number, bank account information, or credit card details.
  • You’re pressured to act fast: Scammers may say it’s a “limited time offer” to rush your decision to claim the “prize.”
  • They pretend to be someone you trust: The scammer might claim to be from a government agency or a well-known company, but in reality it’s just a tactic to gain your confidence.

Common Prize Scam Tactics

Scammers may seem creative, but their strategies often follow familiar patterns:

  • Fake big wins: “You’ve won $1 million!” or a luxury prize.
  • Impersonation: Pretending to be from companies like Publishers Clearing House.
  • Phishing links: Asking you to click a link to “claim” your reward.
  • Fake checks: Sending a check and asking you to send money back.
  • Foreign lottery scams: Claiming you’ve won a lottery you didn’t enter (and couldn’t legally play).

At the core, the goal is always the same – to get access to your money or your personal information.

How to Protect Yourself

Staying safe from scams comes down to a few simple habits:

  • Slow down, and don’t let urgency push you into a decision.
  • Never pay to claim a prize.
  • Don’t share personal or financial information.
  • Research the company or offer online.
  • Ignore unexpected “winning” messages.

If something feels too good to be true, it probably is.

What to Do if You’re Targeted

If you receive a suspicious call or message:

  • Hang up or delete the message.
  • Do not engage or click links.
  • Block the number or sender.
  • Report it to ftc.gov

If you already sent money or shared any personal information, contact your financial institution immediately so they can help protect your accounts.

Final Thoughts

Scammers count on excitement and distraction to succeed. But with a little awareness, you can stop them in their tracks. At First Financial, we’re here to help you protect your financial well-being. When in doubt – pause, verify, and contact us, because your financial safety is always worth a second look.

Protect Your Kids’ Devices from Scammers: A Parent’s Guide to Online Safety

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Phones, tablets, gaming systems, and laptops are part of everyday life for today’s kids. These devices are used for schoolwork, entertainment, and staying connected with friends and family. However, with increased access comes increased risk. Online scammers have been known to target young users through fake apps, phishing messages, gaming platforms, and social media.

At First Financial, we believe protecting your finances also includes protecting your family’s digital life. Here are practical steps parents, guardians, and caregivers can take to help keep children safe online and reduce the risk of scams.

1. Turn On Automatic Updates

Software updates often fix security vulnerabilities that scammers and hackers exploit. If devices aren’t updated regularly, they may be exposed to preventable threats. Make sure automatic updates are enabled for:

  • Operating systems (phones, tablets, computers)
  • Apps and games
  • Web browsers
  • Security software

Setting updates to install automatically ensures devices stay protected without relying on yourself or your kids to have to remember to click “update.”

2. Use Strong, Unique Passwords

Weak or reused passwords are one of the most common ways scammers gain access to accounts. Teaching kids how to create strong passwords is a critical life skill. Strong passwords should:

  • Be at least 12 characters long.
  • Include a mix of upper and lowercase letters, numbers, and symbols.
  • Avoid personal details like birthdays, school names, or pet names.
  • Be different for each account.

For older children and teens, consider using a password manager to generate and store secure passwords safely.

3. Secure Your Home’s Wi-Fi Network

Your home’s Wi-Fi network connects every device in your household. If not properly secured, outsiders may be able to access it and intercept sensitive information. To strengthen your home’s network:

  • Change the default router name and password.
  • Use strong encryption settings (WPA2 or WPA3).
  • Create a strong, unique Wi-Fi password.
  • Disable remote management features if not needed.
  • Set-up a separate guest network for visitors.

Taking these steps reduces the risk of unauthorized access to your family’s devices.

4. Set Up Parental Controls

Parental controls are valuable tools for managing screen time, blocking inappropriate content, and preventing unauthorized purchases. Most devices and operating systems include built-in parental control features. These tools can help you:

  • Limit access to certain websites or apps.
  • Require approval for app downloads.
  • Set screen time limits.
  • Restrict in-app purchases.
  • Monitor activity where appropriate.

The goal here isn’t surveillance, it’s setting boundaries and building safe digital habits.

5. Teach Good Online Habits

Technology tools are important, but conversations are just as critical. Open communication helps children recognize risks and make smart decisions online. Teach kids to:

  • Be cautious about clicking on unfamiliar links.
  • Ignore messages asking for personal information.
  • Avoid sharing passwords, addresses, or financial details.
  • Be skeptical of “too good to be true” offers.
  • Tell a trusted adult if something feels suspicious.

Encourage your kids to pause before responding to messages that create urgency or fear, which are common tactics used by scammers.

6. Review App Permissions

Many apps request access to cameras, microphones, contacts, or location data. Not all of these permissions are necessary. Before installing apps:

  • Review what permissions various apps request.
  • Disable unnecessary access to location or contacts.
  • Download apps only from official app stores.
  • Periodically review and remove unused apps.

Reducing app permissions helps limit how much personal information is shared.

7. Monitor Financial Activity

Even children’s gaming accounts and app stores can be tied to family payment methods. Regularly review your account statements and transaction history to catch unauthorized charges early. Consider:

  • Setting spending limits.
  • Requiring approval for purchases.
  • Using alerts for account activity.
  • Monitoring bank and credit card statements closely.

Catching suspicious transactions quickly can help prevent larger financial losses down the road.

Protecting What Matters Most

Online safety isn’t a one-time setup. Scammers are constantly evolving their tactics, especially on platforms that are popular with kids and teens. Protecting your child’s devices requires ongoing attention. By combining strong technical protections with honest conversations and proactive monitoring, you can significantly reduce your family’s exposure to online threats.

First Financial is committed to helping families stay informed and protected, both digitally and financially. If you ever have concerns about suspicious activity or fraud affecting your accounts with us, our team is here to help. Contact us today to learn more about safeguarding your financial information and keeping your family safe from scams. Be sure to also subscribe to our First Scoop blog to get the latest in scams and important alerts delivered right to your inbox.

Virtual Casting Call Scams: What They Are and How to Protect Yourself

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Dreaming of a role in a movie or TV show? Scammers are taking advantage of that excitement through virtual casting call scams, which is a growing form of fraud that can lead to financial loss and identity theft.

These scams often start with an unexpected message from someone claiming to be a “talent scout” offering a virtual audition for a well-known production. While the opportunity may sound exciting, it’s important to know the warning signs before engaging.

How Virtual Casting Call Scams Work

These scams typically follow a predictable pattern. Be cautious if you notice any of the following:

Unexpected Outreach: Victims receive unsolicited texts or messages claiming they were “discovered” and invited to audition, even though they never applied.

Requests for Payment: Before the audition, scammers ask for payment, credit card details, or gift cards to “secure” a spot or cover administrative fees. Legitimate casting calls do not charge audition fees.

High Pressure Virtual Calls: If a virtual audition does take place, scammers often pressure victims into paying for fake photo shoots, acting classes, or priority representation to move forward.

No Opportunity, No Refund: Once payment is made, the scammer typically disappears, leaving victims without a role, services, or their money.

How to Protect Yourself

To reduce your risk:

  • Don’t respond to unsolicited casting messages.
  • Never pay upfront for auditions or representation.
  • Research casting agencies and opportunities independently.
  • Avoid sharing personal or financial information with unknown contacts.
  • Use your phone’s tools to block and report suspicious messages.

If something feels off or if it seems too good to be true, trust your instincts.

What to Do if You’ve Been Targeted

If you believe you’ve interacted with a virtual casting call scammer:

  1. Stop communicating immediately with the scammer.
  2. Save messages, receipts, and screenshots for your records.
  3. Contact your financial institution or credit card provider right away to report suspicious or unauthorized charges.
  4. Report the message as spam by forwarding unwanted texts to 7726 (SPAM) or using your phone’s “report junk” option.
  5. Delete the message once it’s been reported.
  6. Report the scam to the FTC at ReportFraud.ftc.gov to help protect others.

Acting quickly can help limit financial damage and stop scammers from targeting more people.

The Final Takeaway

Virtual casting call scams prey on excitement and opportunity, but awareness is your best defense. Knowing the red flags and taking steps to protect your financial information can help you avoid becoming a victim.

If you ever have concerns about fraud or suspicious transactions on your First Financial accounts – we’re here to help. Contact us with any questions.