Mobile Banking Fraud

As digital banking becomes more convenient, cybercriminals are developing more sophisticated ways to gain unauthorized access to online accounts. Phishing attacks, malware, and account takeovers have all contributed to a rise in online and mobile banking fraud.

Common Types of Online & Mobile Banking Fraud

• Phishing & Smishing (SMS Phishing) – Fraudsters send fake emails or text messages pretending to be from a legitimate bank to trick you into entering your login credentials.
• Man-in-the-Middle Attacks – Hackers intercept online banking sessions, often through unsecured public Wi-Fi, to steal login details.
• Mobile Malware – Malicious software downloaded onto your phone can record keystrokes, capture passwords, and give hackers remote access to your accounts.
• Fake Banking Apps – Fraudsters create counterfeit banking apps that mimic real financial institutions, stealing your credentials when you attempt to log in.

How to Stay Safe While Banking Online

• Enable multi-factor authentication (MFA) to add an extra layer of security to your accounts.
• Never click on suspicious links in emails or text messages claiming to be from your bank—Fahey Bank will never ask for your login credentials this way
• Use strong, unique passwords for your banking accounts and change them regularly.
• Avoid using public Wi-Fi for banking transactions, as unsecured networks are vulnerable to cyber-attacks.
• Regularly update your banking apps and devices to ensure you have the latest security patches.