Independent Bank is committed to providing you with resources and information to prevent or mitigate fraud. Please read this important information and feel free to contact your local Independent Bank relationship manager if you have any further questions.
Federal Tax Refund Fraud Scheme
The Internal Revenue Service is alerting financial institutions to the proper handling of erroneous federal tax refunds resulting from an emerging fraud scheme that could affect thousands of people across the country.
Financial institutions using external leads process should include the reason the refund is being returned, i.e. refund is not the taxpayer’s. More information is available at Publication 5033, IRS External Leads Program: Fact Sheet on Submitting Leads.
The IRS identified a scam in which cybercriminals have stolen client data from tax professionals and filed fraudulent refunds using real taxpayer information, including bank account and routing information for Direct Deposit.
The fraudster then contacts the taxpayer posing as an employee of a debt collection agency working on behalf of the IRS. They ask the taxpayer to take certain steps to return the refund, but actually the refund goes to the criminals.
IRS guidance to taxpayers who are victims asks them to contact the Automated Clearing House (ACH) department of the bank/financial institution where the Direct Deposit was received and have them return the refund to the IRS. The IRS also asks the taxpayers to call the agency toll-free at (800) 829-1040 (individual) or (800) 829-4933 (business) to explain why the Direct Deposit is being returned.
To help the government fight financial crime, federal regulation requires certain financial institutions obtain, verify, and record information about the beneficial owners of legal entity customers. Requiring the disclosure of key individuals who own or control a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these crimes. Click here to learn more.
Trusteer Rapport Fraud Prevention Software
Protect yourself from harmful malware attacks with Trusteer Rapport. The download is quick and the software is secure, compatible and reliable. Trusteer Rapport works with your current antivirus security and will not slow down your computer. Read more.
Tax Return Identity Theft
An identity thief uses a legitimate taxpayer's identity to fraudulently file a tax return and claim a refund. See how.
If you have been a victim of identity theft, you should take action immediately. Find out how.
ATM User Precaution
For your own safety please exercise discretion when using an ATM or night deposit facility. Learn more.
Avoid Phishing Scams
Phishing is an email scam involving fraudsters who pretend to be a legitimate business. Hiding behind the anonymity of the internet, they send "official looking" emails or set up bogus websites to trick you into divulging your account numbers, passwords, social security numbers, and other sensitive data. Learn more.
Fraudulent E-mail Claiming to be from the Federal Reserve
Independent Bank has been notified that individuals and/or companies are receiving fraudulent emails that have the appearance of being sent from the Federal Reserve. Specifically, the email claims to be from the Federal Reserve Wire Network and appears to be sent from "firstname.lastname@example.org." View sample email.
We May Be Calling You
To protect your account, we monitor your ATM and debit card transactions for potentially fraudulent activity. If we suspect fraudulent ATM or debit card use, we will call you in order to validate the legitimacy of your transactions. Read more.
SMiShing — The New Form of Phishing
SMiShing is a type of social engineering that uses cell phone text messages to persuade victims to provide personal information such as card number, CVV2, and PINs. The text messages may contain either a website address or more commonly, a phone number that connects to an automated voice response system, which then asks for personal information. Learn more.
Conducting Your Transactions Online
New technology comes out every day. Unfortunately, fraudsters are quick to take advantage of that technology and YOU! Use emerging technologies...but protect yourself from theft, fraud, and scams. Find more information.
Corporate Account Takeover & Information Security Awareness
Corporate Account Takeover is a fast growing electronic crime where thieves typically use some form of Malware (malicious software) to obtain login credentials to the Corporate Online Banking accounts and fraudulently transfer funds from the Accounts. Read more.