7 On Your side has tips on how to spot online fraud, text scams
Published by: ABC7 NY
Date: July 23, 2025
Summary
The article from ABC7NY discusses tips to identify and avoid online fraud and text scams. It highlights the increasing prevalence of scams targeting individuals through emails, texts, and social media.
One key tip is to be cautious of unsolicited messages asking for personal information or money. Scammers often impersonate reputable companies or government agencies to gain trust.
Another important point is to verify the authenticity of messages by checking official websites or contacting companies directly. Additionally, the article advises against clicking on suspicious links and emphasizes using strong, unique passwords for online accounts to protect personal data.
Our Take
How Fort Knox Would Neutralize Smishing Scams
Fort Knox, developed by Austin Capital Bank, is a high‑security savings account designed to safeguard consumers life savings and protect them from sophisticated fraud and scams. Its advanced security features include biometric verification, soft and hard tokens, proprietary technologies, and a focus on creating intentional friction to prevent unauthorized access and transactions.
No Links or QR Codes in Communications
Fort Knox sends no transactional links or QR codes via email or text, entirely eliminating smishing attack vectors.
Why Fort Knox is More Secure
Live Facial Biometrics (CLEAR®)
Logging in demands a real-time facial scan, preventing scammers from accessing accounts—even if they trick a user into sharing a password or code.
Why Fort Knox is More Secure
Token-Protected Security Zones
Critical actions, such as transfers or withdrawals, require additional approval via Microsoft Authenticator or YubiKey. A scammer armed only with stolen info cannot complete any transaction.
Configure Security Measures Zones
Fifth Layer: Closed‑Loop Protection™ & Withdrawal Delay
Transfers are restricted to the original funding source, and withdrawals are held for two business days—providing a buffer to detect and intervene.
What is Fort Knox High-Security Savings
Funds Transfer Timelines and Limitations
Lockdown™, Cloaking & Blacklist™
Upon suspicion, transactions are instantly frozen with Lockdown™. Account numbers are randomized and unusable outside Fort Knox, and risky destinations are blocked.
Why Fort Knox is More Secure
Final Take
Fort Knox shreds the smishing playbook: no clickable links, secure multi-step protection, account cloaking, withdrawal holds, and biometric gates. Even the most convincing phony message cannot bypass these intentional frictions—keeping your money safe.
Quick Breakdown
Get into the article with a quick breakdown of the main topics covered in the article in the Q&A section
Article FAQ
Fort Knox uses CLEAR® biometric authentication, eliminating the need for passwords and ensuring only verified individuals can access their accounts.
Intelligent Closed-Loop™ Protection restricts transactions to verified sources, preventing unauthorized transfers to unfamiliar accounts.
The Lockdown™ feature halts all transactions if suspicious activity is detected, pending review and verification by the account holder.
Fort Knox has no instant withdrawals and enforces a two-day pending period for all requests, allowing time to spot and cancel unauthorized transactions.
Fort Knox uses advanced security features like biometric verification and transaction monitoring to protect against social engineering scams.
Protect your life savings.
Experience the world’s first high-security savings account built from the ground up to keep your money safe and secure.
