Op ED: Fraud Prevention Starts with You, Not Just Your Bank
· Texas Border Business
Michael Scaief, Chairman and CEO of Texas Regional Bank, emphasizes the importance of fraud prevention for both households and businesses. He advises Texans to never share online banking credentials and to be aware of fraud tactics that criminals use, such as building trust and creating urgency. Scaief encourages families and employees to review fraud protection resources and establish verification procedures for financial transactions. He warns against providing sensitive information over the phone or online, even if the caller seems legitimate. Ongoing education and vigilance are crucial in combating evolving fraud tactics.
AI summary · Source: Texas Border Business →
