The impacts of AI on online security.

Artificial intelligence (AI) has recently transformed how the banking industry manages online security to protect sensitive customer information. However, AI has also introduced new threats for bank customers. Fraudsters have learned how to utilize AI-powered tools to exploit vulnerabilities in financial institutions and their customers. Learn the key risks, including online security breaches, deepfakes, robocalls, bank account takeovers, and social media scams. 

As AI advances, so do cyber threats. Therefore, it’s critical to stay vigilant against AI-driven fraud. Although AI enhances many financial institutions’ services, improves fraud detection, and personalizes customer experiences, it can also be employed to obtain your personal information. In the face of these threats, we’re here to help. If you suspect AI is being used to steal your identity, contact us immediately.

Beware of deepfake impersonations.

Fraudsters use deepfake technology to trick you into authorizing transactions or disclosing your sensitive information, and they even prompt you to respond by saying “Yes” and gaining your voiceprint for deepfake scams. With the help of technology, scammers create realistic yet fraudulent images, audio, and videos impersonating you. 

Verify the identity of anyone asking for personal information — including your name — and be wary of unexpected video calls or emails requesting sensitive details. 

 Deepfake Impersonations

Know how to recognize robocalls.

Scammers use automated robocalls every day to attempt to sell you something or — worse yet — get you to share your personal information by impersonating a bank employee. In these calls, fraudsters often claim there is an urgent issue with your account, and they need sensitive information like your password or Social Security Number to resolve the issue. 

If you receive a suspicious call asking for these or similar details, hang up and contact us immediately. Popular Bank representatives never ask for sensitive personal information over the phone.

robocalls

Protect yourself from bank account takeovers.

Cybercriminals use scam tactics like phishing, malware, social engineering, and malicious emails to gain unauthorized access to your bank account. Once they take over, they can transfer funds, change your account details, and even lock you out. 

The best way to protect yourself against bank account takeovers is to enable multi-factor authentication, use strong passwords, and regularly monitor your transactions. 

Bank Account Takeovers

Stay aware of social media scams.

Popular Bank will never ask for personal or account information over social media. However, scammers often use these platforms to pose as bank representatives and attempt to access your account via fake promotions or unrequested customer support. 

Fraudsters typically ask for personal details or direct you to fake websites to enter your sensitive information.

Social Media Scams

Read more online security tips.

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