SD Attorney General Partners with Bankers Association to Combat Bank Scams

SD Attorney General Partners with Bankers Association to Combat Bank Scams

To protect South Dakotans from banking scams, South Dakota Attorney General Marty Jackley and South Dakota Bankers Association (SDBA) President Karl Adam have partnered to educate bank customers about potential scams. This initiative is part of the broader American Bankers Association’s “Banks Never Ask” campaign, which focuses on anti-phishing and scamming awareness.

“The Attorney General’s Consumer Protection Division receives reports daily about telephone and internet scams hurting many South Dakotans,” said Attorney General Jackley. “We appreciate the South Dakota Bankers Association’s effort to educate bank customers about such scams and are happy to support this campaign.”

SDBA President Karl Adam highlighted the importance of proactive consumer education. “You never think such a scam can happen to you, but unfortunately it does,” he stated. “We want to use this campaign as an effort to educate customers to always be aware when they receive an internet or telephone message from someone pretending to be from their bank.”

Attorney General Jackley and President Adam also provided essential anti-scam tips to help consumers safeguard their financial and personal information:

  • Scammers will advise you not to talk with others regarding the transaction – this is a RED flag.
  • Organizations, including banks and government agencies, do not ask for money by telephone or online.
  • Do not click on pop-up messages that appear on computers.
  • Talk to someone you trust before you provide money or personal information to someone who contacts you.
  • Check and double-check email addresses if they are asking you to send money.
  • If the caller represents a business or government agency, don’t trust the telephone number they give you. Hang up and call the organization’s office.
  • Treat calls or emails demanding immediate action with suspicion.
  • Do not give in to high-pressure sales tactics.
  • Do not provide financial or personal information over the phone or online.
  • These scams often offer something for money but do not deliver.
  • Do not deposit a check and then wire money.
  • If you are asked to send money, get off the telephone and seriously think about what you are asked to do.

You can read the full article at KXLG.