Cybersecurity

Revere Bank is aware of the increasing threat of identity theft, identity fraud and the importance of cybersecurity. We take the security of your information seriously. We have taken precautions to protect your information and keep it secure. We want you to know how to keep your personal information safe, too. Learn about identity theft, synthetic identity fraud and account hijacking on our website and in our blog.

Important Reminder


Revere Bank will never call, email, text or mail you a request for your passwords, pin numbers or any electronic banking credentials. If you receive a suspicious call, email, text or letter claiming to be from Revere Bank, please contact us at 866-920-8185 or email customerservice@reverebank.com as soon as possible.

About Financial Fraud: What You Need to Know


Financial fraud is the fastest growing crime in America. Incidents of identity theft, synthetic identity fraud and account hijacking are increasing as criminals discover new ways to access your personal information. Here is what you need to know about these types of financial fraud and how to protect yourself.

Identity Theft. Identity theft (ID theft) criminals steal your personal information and assume your identity. They can empty your bank account, run up credit card expenses, open new utility accounts, get medical treatment on your health insurance and even file a tax return in your name and have the refund sent to them.

Synthetic Identify Fraud. Synthetic identity fraud (SIF) involves the creation of a fictitious identity using your stolen Social Security Number (SSN) combined with a different name and address. These criminal impersonators use the information to obtain financial services, medical benefits, insurance, rental housing and more.

Account Hijacking. Account hijacking occurs when criminals obtain your personal data, including your username and password for online bank accounts, through email phishing, deceptive websites or spyware. With this information, they can wipe out your funds in a matter of hours.


Warning Signs


The best way to prevent financial fraud is to be aware of early warning signs. Here are some to look for:
  • You see withdrawals from your bank account that you can't explain.
  • You don't get your bills or other mail.
  • Debt collectors call you about debts that aren't yours.
  • You find unfamiliar accounts or charges on your credit report.
  • Medical providers bill you for services you didn't use.
  • The IRS notifies you that more than one tax return was filed in your name.
  • You get notice that your information was compromised by a data breach at a company where you do business or have an account.


Quick Tips


  • Revere Bank will never email or text you to request that you provide personal or financial information. You should only provide such information over the phone if you're the one placing the call. If you receive an unsolicited request, report it to us as soon as possible.
  • Invest in an ID theft protection product to monitor and alert you to changes in your personal credit information.
  • Password protect your personal information using a combination of letters and numbers. Don't use passwords that are easy to discover, such as pet names, your home address or birthday.
  • Install antivirus and anti-spyware software and delete suspicious emails.
  • Confirm the accuracy of your income on your annual Social Security statement.
  • Review your credit report regularly for inaccuracies or unauthorized accounts.


Financial Fraud Resources


 

Guide to Recent Breaches: Equifax, Yahoo and More

November 27, 2017

Data hacks, security breaches and cybersecurity incidents have become everyday terms in the past few years. With all the recent data hacks of big-name companies, it is almost impossible to keep up with the latest …

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Synthetic Identity Fraud: Detection and Prevention

November 7, 2017

With all of the recent cyber attacks on major companies, from Equifax to Yahoo, it is more important than ever to know how to protect your information online. One of the most dangerous forms of …

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Identity Theft: Detection, Recovery and Prevention

October 25, 2016

  Jane noticed suspicious charges on her bank statement, so she contacted her banker. After further investigation, Jane realized her identity had been stolen. Not only did the thief rack up charges on her credit …

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Elder Financial Abuse: What it is and How to Protect your Loved Ones

October 21, 2015

What is elder financial abuse? As the population ages, seniors are increasingly becoming targets of financial abuse. People over the age of 50 control 70% of the nation’s wealth, and those who are frail or …

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Account Hijacking: Types and Prevention

September 14, 2015

What is Account Hijacking? Account hijacking occurs when criminals obtain your user name and password and gain access to your online banking accounts without your knowledge. With this information they could wipe out your funds …

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