Beginning February 20, 2025, American Riviera Bank is partnering with Carefull to provide complete consumer financial protection at no cost to clients. This innovative service delivers round-the-clock monitoring of bank accounts, credit, and identity while protecting against scams and fraud. Clients who enroll will benefit from AI-powered tools that actively monitor unusual transactions and potential fraud risks, to keep their financial well-being secure. This protection includes $1 million in identity theft insurance that is activated immediately after enrollment.
FTC data shows consumers lost more than $10 billion to fraud in 2023. This marks a record high in financial security threats.
Investment scams led the pack with $4.6 billion in losses. Imposter scams followed close behind, taking nearly $2.7 billion from victims. Email has now overtaken text messages as fraudsters preferred method in contacting consumers, a major change in how criminals choose their targets.
Criminals use a variety of sophisticated tactics to defraud consumers:
Financial threats keep changing. Bank transfers and cryptocurrency payments now cause the highest reported fraud losses. AI will make fake impersonations harder to spot in coming years, highlighting the need for comprehensive financial protection measures now.
Carefull's advanced monitoring system scans over $50 billion worth of transactions annually to protect consumers from financial threats.
Carefull's monitoring system tracks spending patterns, bill schedules, and account balances to spot unusual behavior. The service keeps an eye on:
The system's artificial intelligence analyzes transaction patterns to learn what's "normal" for each account. Carefull's AI technology adapts to new threats and provides customized monitoring that evolves with new fraud patterns. The platform's machine learning algorithms use historical data to build predictive models that minimize false positives while keeping security reliable.
Carefull sends instant alerts through text and email if it spots suspicious activity. The system looks out for various financial issues like changes in spending patterns, unusual transfer types, and irregular fees.
The platform's credit monitoring service runs on TransUnion and tracks credit events continuously. Clients get on-demand access to US-based specialists who help with credit freezes and other protective measures. Carefull also scans the dark web for signs of compromised personal data and helps right away if breaches occur.
Building a strong financial safety net begins with protecting loved ones. American Riviera Bank's partnership with Carefull lets each ARB client add one additional person to the account at no cost.
Clients can share specific financial information with family members through Carefull's Trusted Contacts feature without giving them access to their money. This helps retain control while ensuring proper oversight of your finances. In addition, the services offer a Vault feature for secure storage of sensitive financial documents that trusted contacts can access as needed, such as the Family Trust or power of attorney documents.
Clients can set flexible permission levels for trusted contacts:
American Riviera Bank is passionate about protecting older Americans from financial threats. In October of 2024, ARB received the 2024 ABA Community Commitment Award, given by the American Bankers Association Foundation in recognition of our Financial Elder Abuse Prevention and Awareness Program. Our partnership with Carefull is an extension of that program and underscores our commitment to protecting local residents.
Carefull actively monitors age-specific scams that target people over 60. The service alerts trusted contacts about potential threats while allowing seniors to stay independent. Family members who have been added as trusted contacts can track important financial activities without compromising privacy or control.
The platform combines senior-specific financial monitoring with identity theft protection to create a detailed safety net. Carefull's newsletter also offers expert tips about family financial management.
Setting up financial protection through Carefull takes just minutes.
ARB clients will enroll using a direct link emailed by American Riviera Bank on February 20. Carefull will also be available inside of Online Banking in the Tools menu. Once enrolled, clients can link financial accounts securely to enable complete monitoring and analysis. The platform learns each individual’s unique spending patterns, bill schedules, and account balance trends automatically.
The platform watches financial activities of all types, and you can customize notifications for:
American Riviera Bank's partnership gives clients premium features that usually have a monthly fee. The service has $1 million in identity theft insurance that activates immediately after enrollment. US-based specialists are available to assist with credit freezes and identity protection measures.
The platform keeps read-only access to data to ensure security while providing complete analysis. Carefull's dark web monitoring service runs around the clock and scans for any signs of compromised personal information. When potential breaches are detected, immediate guidance is sent to resolve security concerns.
Financial fraud and scams remain serious threats as losses climb to record levels each year. American Riviera Bank's partnership with Carefull gives our clients reliable protection against these evolving dangers. Our system provides 24/7 monitoring, AI-powered fraud detection and immediate alerts to protect financial well-being.
One additional person may be added at no cost, which makes this protection even more valuable as clients who worry about their elderly parents' financial security can add a parent. Clients can add trusted contacts to help monitor activity.
To enroll in Carefull and receive full benefits free of charge, clients can use the link emailed to them from American Riviera Bank on February 20 or contact the Bank directly at 805-965-5942.
