Can you really get free, fast, and easy money from your bank? A "glitch" at Chase Bank that allegedly allowed people to withdraw “unlimited” sums of cash regardless of available funds recently went viral on social media. Users on various platforms shared a meme prompting individuals to request cash they didn't have via ATM withdrawals after depositing a phony check at the ATM for the amount they were seeking. However, within 24 hours, after Chase discovered the suspicious activity, users reported having their bank accounts blocked and the transactions are now being investigated as check fraud. The lesson? Don't fall for viral get-rich-quick schemes!
It’s not just Millennials and Gen Z who can fall for online scams. Recently, my mom’s Facebook account was hacked, and she was suddenly presented as a Bitcoin expert. Friends began congratulating her and asking how they could achieve financial independence by investing in crypto. The most frustrating part? She couldn't get rid of the hacker or even close her account.
Here are some tips to help protect you and your accounts from cyber theft no matter your age:
1. Use Strong, Unique Passwords. When creating passwords for online accounts, use a complex combination of letters, numbers, and symbols. Don’t use the same password across multiple sites.
2. Enable Two-Factor Authentication. For an extra layer of security, whenever possible enable two-factor authentication, which requires an additional form of verification like a text or app code before logging in.
3. Beware of Phishing Scams. Be suspicious of unsolicited emails, texts, or phone calls asking for personal information or urging you to click on links to access or provide information. Always verify the source before clicking or responding.
4. Keep Devices Updated and Use Antivirus Software. Keep the operating systems/software updated on all your computers, smartphones, and tablets. Regular software updates often include important security patches to protect against the latest threats. Install reliable antivirus software and run regular virus scans.
5. Keep Personal Information Private. Limit the personal information you share on social media or public websites. Cyber thieves can use seemingly harmless details (like answers provided in trendy online quizzes and personality profiles) to gain access to your accounts or create phishing scams that target you.
And share these tips with your mom to make sure she stays safe on the internet too!
