First Horizon Bank Scams and How to Avoid Being a Victim

First Horizon Bank scams are on the rise, with many victims falling prey to phishing scams that trick them into revealing sensitive information.

One common tactic used by scammers is to send fake emails or texts that appear to be from First Horizon Bank, asking customers to verify their account information or login credentials.

Be cautious of these scams, as they can lead to identity theft and financial loss.

If you receive a suspicious email or text from First Horizon Bank, do not respond or click on any links.

First Horizon Bank has reported a significant increase in phishing scams in recent years, with over 10,000 reported incidents in 2022 alone.

To avoid being a victim of a First Horizon Bank scam, always verify the authenticity of any communication from the bank before taking any action.

First Horizon Bank reported a security breach to the Securities and Exchange Commission (SEC) on April 28, revealing that an amount less than $1 million was accessed and stolen from customer accounts.

The breach occurred due to an intruder gaining unauthorized access to customer accounts using login credentials obtained from an unknown source and exploiting a vulnerability in third-party security software.

An unauthorized party used the credentials to gain access to under 200 online customer bank accounts and fraudulently obtained an aggregate of less than $1 million from some of those accounts.

First Horizon Bank has since repaired the vulnerability, reset all customer passwords, and reimbursed the affected customers for their losses.

Protecting your personal information is crucial in today's digital age. Data is everywhere, from cell phones to smart TVs, and even home appliances.

Authentication is a vital process that verifies your identity to control access to resources and prevent unauthorized access. It also records your activities to hold you accountable.

By taking proactive steps, you can safeguard your personal information. This includes being cautious with the information you share online and using strong passwords.

Data breaches can occur even with the most secure systems, so it's essential to stay informed about potential threats. IDStrong's free scan can help identify potential issues and provide preliminary findings.

Consent is necessary to complete a free scan, which involves comparing your provided information against breach databases.

The growing scale of organizations has led to an upsurge in corporate fraud in recent years, making it more challenging for banks like First Horizon to prevent such scams.

Senior scams are becoming a major epidemic, with seniors often having a lot of money in the bank from a life of working hard and saving.

To prevent First Horizon bank scams, it's essential to be aware of the opportunities that scammers take advantage of, such as the growing scale of organizations and the increased amount of money held by seniors.

To create strong, secure passwords, remember that most people use simple or obvious ones that pose a security risk because they're hard to remember.

Avoid using your name, birthdate, or common words that can be easily found on the dark web, a portion of the internet that lies outside the boundaries of traditional search engines.

Choose a password that's at least 12 characters long and includes a mix of uppercase and lowercase letters, numbers, and special characters.

The challenge of good passwords is that most people have a hard time remembering them, so they use simple or obvious ones that pose a security risk.

Use a password manager to securely store all your passwords, making it easier to generate and remember unique, complex passwords.

The dark web is a portion of the internet that lies outside the boundaries of traditional search engines, where hackers often sell stolen passwords.

Corporate fraud is a growing concern due to the increasing scale of organizations and the opportunities that come with it.

The scale of organizations has grown significantly, making it easier for individuals to take advantage of the system. This has led to an upsurge in corporate fraud in recent years.

Corporate fraud attorneys play a crucial role in detecting and preventing such cases. They help identify potential loopholes and weaknesses in the system.

The more opportunities there are to push the boundaries, the higher the risk of corporate fraud. This risk is especially high in large organizations with complex structures.

To prevent corporate fraud, it's essential to have a robust system in place. This includes implementing internal controls, conducting regular audits, and providing training to employees.

Regular audits can help identify potential cases of corporate fraud early on. This can prevent the situation from escalating and causing significant financial losses.

Seniors often have a lot of money in the bank from a life of working hard and saving, making them a prime target for scammers. This is why it's crucial to be vigilant about protecting your finances.

The first step in preventing senior scams is to be aware of the common tactics used by scammers. Seniors are often targeted by scammers who pose as government officials or charity workers.

Keeping your personal and financial information private is essential in preventing senior scams. This means being cautious about who you share your information with and being wary of unsolicited requests for money.

Scammers often use high-pressure tactics to get seniors to send them money quickly. This can be a red flag that something is not right.

Regularly reviewing your bank statements and credit reports can help you detect any suspicious activity. This can help you catch any scams before they cause significant damage.

Many senior scams are preventable if you take the time to educate yourself and your loved ones about the common tactics used by scammers.

Bank Customer Safety is a top priority, especially when it comes to protecting your sensitive financial information. Hackers are constantly trying to breach bank systems, but there are ways to stay safe.

First, never reuse passwords on multiple websites, as this is how credential stuffing attacks occur. This means creating unique and strong passwords for each account.

Timothy Chiu, VP of K2 Cyber Security, emphasizes the importance of training users on security, such as recognizing phishing and fake websites, but notes that this is just the start. Organizations also need to implement network, system, and application security to protect their assets.

To stay safe, keep all your devices patched with the latest security updates, and use good, strong antivirus/anti-malware software on all your devices. A good password manager can also help you use long, strong, un-hackable passwords.

Be cautious when clicking on links or downloading attachments in emails, as these can be phishing attempts. Never click on links in text messages that come to you unsolicited, and be watchful for phishing and social engineering tactics.

Here are some key tips to stay safe:

Remember, always use common sense and if something sounds too good to be true, it probably is.