Scams to watch for in the new year

Fraud, audit, auditor.

While a new year brings a fresh start, unfortunately there are more scams to keep watch out for as we jump into 2021.

With the pandemic still raging on, many scams as a result of COVID-19 continue to pop up, including fraudulent unemployment claims. In these instances of fraud, scammers are using the IDs of individuals to apply for unemployment. To make their case, scammers claim that the employer is someone the victim of identity theft is currently working for or recently retired from.

According to Ryan Jones, OVB senior vice president, chief risk officer, these claims have impacted individuals and businesses nation-wide, including those locally.

“Fraud and scams continue to be on the rise during the pandemic. OVB, as well as other businesses, have seen examples where fraudulent unemployment claims are being attempted at both small and large businesses,” Jones said. “If one is a victim to a fraudulent unemployment claim, we suggest you contact Job and Family Services Fraud Department and your local police department to report the activity.”

Jones added that there are various methods scammers use to track down consumer personal information for the unemployment claim scam.

“Every consumer needs to be aware of the various methods used to obtain personal information through social media platforms, emails and phone calls. Do not provide any personal information to someone who contacted you ‘out of the blue.’ If you question the conversation, do a call back before you give any information out over the phone or email,” he said.

For more information on fraudulent unemployment claims, please read OVB’s fraud advisory here.

According to Frank Davison, OVB senior vice president, financial bank group, there are many other scams to be aware of as well. The many scams that saw an increase last year, will likely still be very prevalent this year.

“It’s safe to assume that (the top scams from 2020) will continue into 2021, and we will see some new variants pop up as well,” Davison said.

Davison outlined the following scams as the major ones to be mindful of this year: Read more of this post

Cybersecurity 101 with OVB’s Frank Davison

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When we think of October thoughts of pumpkins, ghosts and fall foliage come to mind. But did you know that October also is Cybersecurity Awareness Month?

Ohio Valley Bank is proud to be an official champion for Cybersecurity Awareness Month. With so many Americans relying on technology now more than ever, being aware of cyber risks is essential for both personal and business online usage. Understanding what cybersecurity is and how you can protect yourself is the first line of defense.

OVB’s Frank Davison, Senior Vice President, Financial Bank Group, continually strives to educate the bank’s team of community bankers on the importance of knowing what cybersecurity is as well as being aware of potential risks. Davison stressed that it is vital for anyone who uses the internet to understand cybersecurity.

“Anyone that is accessing online services should have a base understanding of how to guard against (cyber) attacks and what you are protecting,” Davison said. “Various companies record everything you do online. Not one company has everything – you should not expect privacy online.” Read more of this post