Whether using a traditional bank like Chase or an online-only bank like Chime, your account can be vulnerable to hackers and fraudsters.
CHICAGO -- Whether you use an online-only bank or a traditional one, your accounts can be vulnerable. The Federal Trade Commission said there were more than 33,000 bank fraud reports in 2021. But you may be able to fight a bank account attack by beefing up your own security protocols.
Dolce said he did get an alert about a suspicious $254 transaction in November of 2021. That's when he called Chase and discovered several months of ongoing fraud. He said Chase would not issue credits on hundreds of other transactions because he waited too long to report them. He admitted he was not checking his account statements regularly, but is still confused.
Bank hackers have also gone after at least one customer of the newer online-only bank Chime, which has 13 million customers.Beals got a notification that someone withdrew $100 from her account while she physically had her Chime Visa Debit card. She immediately called Chime, and found out even more money was being syphoned from her account.
In addition to reporting fraud quickly, you can also protect your banking accounts using two factor authentication, have strong passwords and, according to Hank Schless, Lookout Senior Manager of Security Solutions,"The number one way to protect against that is by not reusing your passwords."