The holiday season is a time for giving, celebration, and togetherness – but unfortunately, it’s also a time when scammers are on the prowl. The Hawaii Bankers Association (HBA) is here to help you protect yourself from common holiday fraud schemes so you can enjoy the season without worry.

Bank impersonation scams are on the rise in Hawaii, and knowing how they work can help protect you from falling victim.

As the holiday season approaches, it brings the excitement of lights, decorations, and gift-giving. However, it also comes with a hidden danger: holiday fraud. With busy schedules, last-minute shopping, and a rush to find the perfect deal, scammers see this as their prime opportunity to target unsuspecting shoppers.

Scammers are increasingly targeting bank customers through social media, phone calls, and text messages, attempting to trick individuals into sharing sensitive information or transferring money.

On August 16, 2024, National Public Data (NPD), a major provider of consumer data for background checks, reported a significant data breach that exposed approximately 2.9 billion personal records.

With four out of five Americans owning at least one credit card, credit and debit card transactions have become more common than cash.