If someone is asking you to pay by gift card, it’s a scam.
The simplest way to protect yourself from fraud is to be aware. Recently during the pandemic, there’s been an increase in scammers making fake calls asking consumers to make payments with gift cards. Gifts cards are not to be used to pay the IRS, social security, tech support, a family member in trouble, a member of the military, ransom, to avoid arrest or deportation, or to keep your utilities on. Anyone asking you to do so is a scammer.
Gift Card Fraud increased by 74% during the pandemic. During 2020, there was an estimated 45.9 billion robocalls to consumers – about a 50% increase since 2017. 1
What you can do
If you receive one of these fake calls requesting payment by gift card, the best way to handle it is:
Michael Quigley is an experienced Fraud Manager with a demonstrated history of working within the Financial Crime industry as well as a Private Investigator. At Northern, Michael has played an integral role in developing a robust fraud detection and prevention plan for the Bank. Michael holds a bachelor’s degree focused on Criminal Justice from Northeastern University, a certified Anti-Money Laundering Specialist (ACAMS), Chairperson of a local fraud group, and an active member of several local, national, and international Financial Crime groups.
Mobile devices have become an integral part of everyday life, storing personal and important information, including pictures, emails, apps, and financial accounts. Almost anything that can be done on a computer can now be done from a mobile device. As mobile devices become even more robust, it becomes even more critical to maintain device security.
In memory of Jim McGarry, the Northern Bank Charitable Foundation would like to extend a big congratulations to the 2021 James E. McGarry Jr. Scholarship recipient Luke Witherell of Littleton. The scholarship was established in 2014 to honor the late “Jim” McGarry of Woburn and his 50 years of service at Northern Bank, as well as his lifelong affinity for, and ongoing support of the police and fire departments in the community.
What is identify theft and how does it occur? According to the FTC, identity theft occurs when someone uses your personal or financial information to make purchases, get benefits, file taxes, or commit fraud. It usually occurs due to a data breach where your personal information was stored somewhere and stolen. You can also become a victim if you provide your personal information to a malicious caller or if one of your personal passwords are compromised.
Northern Bank is a full service bank dedicated to providing practical, common sense financial solutions to help our customers’ lives and businesses grow. From deposit products to loans to payment and collections services, we work hands on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, an Equal Housing Lender, and consistently ranked among the best performing community banks in New England.
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