How to recognize a scam

Published on Mar 03, 2023

How to recognize a scam

It’s not your imagination – scammers are everywhere these days looking for opportunities to defraud you out of your hard-earned money. In fact, a recent report estimates that in 2022, Americans lost almost $40 billion to phone scams alone.

According to Micheal Bruemmer, VP of Experian Data Breach Resolution and Consumer Protection, here are the most prevalent scams to be in the watch for in 2023.

Phishing scams

Many of the above scams take place via phishing – one of the most popular and dangerous types of scams.

Phishing is the process of attempting to acquire sensitive information such as usernames, passwords, and credit card numbers by posing as a person or organization you trust via email. Phishing emails and texts – which have become increasingly sophisticated over the years – often entice users to click on a link or open an attachment containing malicious code, or direct users to fake log-in pages for popular brand sites that look almost identical to the real thing.


Some common phishing scams include:

How to avoid phishing scams

Phishing scams are becoming harder and harder to detect, so it’s important to be vigilant.  Here are some tips to foil the phishers.

Bottom line, scammers often pose as a trusted organization, say there’s a problem with your account (or that you’ve won a prize), pressure you to act immediately, and ask for money in a specific way. Whenever you get an email or text that seems fishy, send to spam, delete it, and don’t engage.

Valley can help

At Valley, we are committed to protecting our customers against cybercrime, identity theft, fraud, and any kind of financial exploitation. We take our customers’ security very seriously, and take significant measures to protect the security of your bank accounts and your personal information. 

If you believe you have been a victim of fraud or you’re unsure, please contact your Banking Team, reach out to Valley Customer Care at 800-522-4100, or connect with us at


Protection & Security

Protection & Security

We take our customers' security very seriously at Valley, and we take significant measures to protect the security of your bank accounts and your personal and account information.

Learn More