Information from First Mid Bank & Trust---- Top Scams to Watch in 2026

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Scams and fraud have become part of everyday life. The constant headlines, social media warnings, and workplace reminders can feel overwhelming. However, the best defense isn’t fear — it’s awareness.
“As someone who investigates fraud cases, I've learned that awareness is the most powerful protection consumers can have,” explained Barb Nesler, BSA & Fraud Officer at First Mid Bank & Trust. “I’ve seen firsthand how quickly a small mistake can turn into major financial disruption. At First Mid, fraud prevention isn't just a policy, it's a culture.” 
As we head into 2026, artificial intelligence (AI) will continue to make scams more convincing. But even with new technology, scammers still rely on the same tactics: urgency and emotion.  

What to Know — Especially During Tax Season

Tax season brings refunds, W-2s, and increased financial activity — which also creates opportunity for scammers. 
While scam names can change, the methods stay the same and follow predictable patterns. Here are common scams, broken down by method type.  

What are Impersonation Scams?

Scammers pretend to be someone you trust to get you to send money or give them access to your bank accounts, investments, or private information. Impersonations include but are not limited to: 

• The IRS or a tax agency
• Your bank’s fraud department
• A company or utility provider
• A family member
• Law enforcement 

They create urgency — saying you owe money, your account is locked, or you must act immediately. Many now use AI-generated emails or even cloned voices to sound legitimate.
Remember: Financial institutions, the IRS, law enforcement, and reputable organizations will not call, text, or email demanding immediate payment.  

What are Relationship & Investment Scams?

In many scams, criminals don’t steal your money — they convince you to send it.
These situations often involve:

• Online friendships or romantic relationships
•  Fake investment opportunities
• Emergency requests
• Stories tied to current events or headlines to exploit vulnerable individuals
• Pressure to move tax refunds or retirement funds

Be cautious of secrecy, urgency, or guaranteed returns. Once money is sent by wire, ACH (Automated Clearing House — an electronic bank-to-bank transfer), cryptocurrency, or gift card, it is impossible to recover.  

How Do Account Takeover & Direct Deposit Scams Work?

Fraudsters may try to access your email or online banking by sending fake fraud alerts or phishing messages. Once inside, they can:

• Change direct deposit or payment details
• Redirect payroll or ACH payments
• Apply for loans or financial aid using your identity (often called “ghost” scams)
• File a fraudulent tax return before you file your real one

Tax season increases this risk because sensitive information is being shared — and scammers try to act early.  

Steps to Protect Your Yourself 

Stay mindful of what you share online and be cautious with personal information —especially in urgent situations. Nesler states, “Prevention works best when everyone sees themselves as the first line of defense.”  Become “scam smart” with these proactive steps:

• Enable multifactor authentication
• Set up PINs where available
• Shred sensitive documents
• Monitor your credit and accounts regularly
• Don’t give out account information, PIN numbers, or authentication codes

If something feels rushed, emotional, or suspicious — pause:

• Don’t respond right away.
• Hang up and call back using a trusted number.
• Verify the request independently before sharing any information.

 A moment of hesitation can make all the difference. Stay aware of current scams and remember — contact our team directly if you notice suspicious activity on your account or receive a call claiming to be First Mid.