How to Spot Financial Scams Before the Holidays
As the holiday season approaches, so does a spike in financial scams. From phishing emails to fake charity requests, October through December is prime time for fraudsters looking to take advantage of distracted shoppers and busy business owners.
At St. Johns Bank, we believe that awareness is your first line of defense. Here’s how you can stay alert and protect your finances heading into the holidays.
Why Scams Spike During the Holidays
Scammers take advantage of increased online activity and spending this time of year. Holiday travel, charitable giving, and year-end promotions all offer opportunities for fraud. They may impersonate trusted retailers, banks, or even family members.
According to the Federal Trade Commission (FTC), phishing scams are one of the most common ways people are tricked into giving up sensitive information. These schemes often come in the form of emails or texts asking you to verify personal or banking details.
Common Red Flags to Watch For
While scams continue to evolve, many share similar warning signs:
- Urgent language or time-sensitive offers
- Misspellings or suspicious-looking email addresses
- Requests for personal information or login credentials
- Unexpected links or attachments
- Payment requests through untraceable methods like gift cards or wire transfers
The Cybersecurity & Infrastructure Security Agency (CISA) also recommends being cautious when using public Wi-Fi or entering payment details on unfamiliar websites.
What to Do if You’re Concerned
If you receive a suspicious email, text, or call, do not respond or click on any links. Instead, contact your financial institution directly using a verified phone number or website. At St. Johns Bank, our team is trained to assist customers with potential fraud concerns and help secure their accounts quickly.
Staying Secure This Season
As a community-focused financial partner, St. Johns Bank is committed to keeping your personal and business finances safe. We provide tools, resources, and guidance to help you bank securely both in person and online.
The holidays should be a time of celebration, not financial stress. Stay informed, stay cautious, and if something feels off, trust your instincts.
Have questions about protecting your finances this season? Visit St. Johns Bank to learn how we can help keep your accounts safe.