Have you added a verbal security password to your financial institution account yet?
#finance #fraudprevention #securitypassword #financialinstitution
Learn how fraudsters are taking advantage and winning – protect yourself and your loved ones now!
– Call your financial institution to set up a verbal security password
– Spread the word to your family and friends for added protection
– Avoid purchasing from Temu to prevent fraud
Stay safe and secure in today’s risky environment!
I did this years ago when I had someone claim they were calling from my bank fishing for info. But they couldn’t give me the most basic information about my bank like pronouncing the bank name correctly.
What exactly is a verbal password?
I been buying a ton of shit from temu with no fraud issues at all. I pay with PayPal. Maybe if you actually link your credit card to temu. My advice is use a third party like Google pay or PayPal on checkout.
Wanna see something bad? In Canada we had banks up until recently that had a max online banking password length of 6. Whats worse is letters and symbols were not allowed, only numbers
https://www.theglobeandmail.com/technology/digital-culture/why-canadas-banks-have-weaker-passwords-than-twitter-or-google/article18325257/
As someone who works at one of these types of businesses who doesn’t have infrastructure like this (or the existing infrastructure for this is already accused of being unsecure) I can’t wait for this to come up live
Good advice for the verbal password. Can you elaborate how buying from Temu is going to lead to fraud? and how temu is different from any other website when paying over paypal ?
What’s a verbal password?Â
Also if you have T mobile or Metro pcs put a high security password on your account. Keeps people from cloning your number and making ur life a nightmare as they now have your phone number and abilty to change passwords. Happened to me about a year ago.
The problem is that everything related to banking is just the worst in North America. Most closely, most outdated, least convenient and usually with a bad UX.
In regards to payments and banking they are third world countries.
i work for a financial institution that recommends a verbal password. 98% of our members do not remember the verbal password they set up.
Please don’t do call to request a verbal password not all banks will do that.
I agree with the second part DON’T ANYTHING FROM TEMU. Your information will get compromised!!!!
USE A CREDIT CARD STOP USING YOUR DEBIT CARD AND ACCOUNT INFO ON THE INTERNET!!!
Anyone that tries to scam me is going to be in for a disappointing surprise. Chess not checkers.
Edit: I’m broke
For online purchases from questionable sites, I create a temporary virtual credit card number with a low limit and an expiration date set very soon.
You can actually tricked the scammers with that password, if they made up(because you won’t have anything set to begin with) something, then it’s probably an scam.
Can someone explain how using Temu could lead to bank fraud? I’ve never used it but my mom mentioned she does.
Can you elaborate on why buying on TEMU leads to fraud? Do they get hacked regularly ?
So here’s a dumb question maybe. I want to put a credit freeze on my credit as I was notified by Capitol One that my SS number showed up on the dark web. But how do I know if Equifax and the other two are who they say they are online? Or by phone ? The first thing they request is your SS number.
> Fraudsters are winning more than losing right now.
But are their victims mostly old people?
this is an amazon paid shill
I work for a large financial firm and we don’t let people do this. We verify you, not the other way around.
As though AI can’t already break verbal passwords
Buy shit from temu but with a CREDIT card
It would help if we knew what a verbal password was.
How good are the algorithms? Scammers call all the time asking for names and any other info, even if it’s just a name given I believe that an AI can copy voices if well developed and even a voicemail might be enough to pass the verification.
Because I don’t think bank’s security engineers haven’t already thought about these options for scammers is why I don’t care much if they record some of my voice.
Still, it’s important to know this and for banks to develop better versions of their security systems all the time.