All Bank locations will be closed on New Year's Day, and reopen the following day Wednesday January 2nd.
Happy New Year from Executive National Bank!
Fraudsters are using a new method called "Port-Out Scams" to gain access to your cellphone account through your wireless provider. Once successful, they will potentially have access to most, if not all, of your online accounts. Your physical device will not be stolen, however, your phone number will be hijacked, allowing them to intercept one-time verification codes.
How can this be? Port-Out scams can take place virtually anywhere: a wireless store, online, or even via a phone call.
Prior to the scam, the impostor will gather relevant information about the target. The fraudsters will then contact the individual's cellphone provider, impersonating the owner of the account and then requesting that the phone number be transferred to a new phone with a different service provider. To make the story even more concrete, they will probably inform the telephone company that the phone was lost, stolen, or damaged and then ask to have the number ported. Now that the phone number has been ported, they will start using the information to gain unauthorized access to various online accounts by receiving codes, texts, and/or phone calls sent via online providers.
Luckily, protecting yourself can be easy! Call your wireless carrier and ask for PIN authentication to add additional security to your accounts. Sprint in particular, requires customers to create a PIN when they open a new account. Here is what to do with other major carriers:
Watch out for unexpected "Emergency Calls Only" statuses on your phone. If you notice this status, call your mobile service provider immediately. When this happens, it probably means your phone number has been transferred to another phone.
Be vigilant about communications you receive; keep an eye out for phishing attempts, alerts messages from financial institutions, and text messages in response to two-factor authentication requests. Never provide these codes to an individual who calls or texts for the information. The codes should only be provided to the application you are accessing or to a trusted company/individual that you have called using a phone number found on a statement or company website.
Your privacy is very important to us. We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.
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