Austin Capital Bank

Most savings accounts were built for convenience. Scammers love that. In this video, our founder Erik Beguin shares why we created Fort Knox—and why the traditional approach to savings no longer works in the era of fraud, AI-driven scams, and account takeovers. Fort Knox was built with a simple principle: 💥 Your money should be harder to steal than it is to save. 💥 ▶️ Hear the story behind Fort Knox. Link to Fort Knox in the comments below. #Savings #Fraud #Fintech

🎙️ Our CEO Erik Beguin joined Mary Wisniewski on Money Isn't Everything from Cornerstone Advisors to discuss why slowing down might be the speed we need to battle fraudsters. In the episode, Mary and Erik explore: 1⃣  Why the Fort Knox mission is personal for Erik 2⃣ The importance of separating your checking from your savings 3⃣ Why friction isn’t a flaw—it’s a critical protection mechanism 4⃣ The obligation for banks to go beyond fraud education and embrace the most advanced security measures to protect your life savings At Austin Capital Bank, we believe your security is worth more than saving a few seconds. That’s why we built Fort Knox Bank. 🎧 Listen to the full episode: https://lnkd.in/gSDnPDDH

Thx for the Fort Knox Bank shoutout Emily McCormick. We could not agree more. Friction protects your money and decreases fraud!

Big thanks to Chuck Jaffe for having our Founder and CEO Erik Beguin on Money Life with Chuck Jaffe to talk about something too many people learn the hard way: Traditional bank security just isn’t enough anymore. Chuck shared how he got hacked — even after using strong passwords and doing “everything right.” Today, that still isn’t enough to protect you from AI-driven scams and account takeover attempts. Why? Because the banking system was built for speed, not safety. And instant money movement is exactly what scammers exploit. Fort Knox Bank flips that model upside down: 🔐 Password-less biometric authentication ⏱️ No instant withdrawals — a two-day window to catch fraud 🔒 Closed-Loop Protection™ — only one way out, back to you It’s not a checking account. It’s where your life savings go to stay safe. Appreciate the great discussion, Chuck. Full episode link below. https://lnkd.in/gmFS9iJZ

🔐 50% of login attempts use stolen credentials. 🔁 62% of Americans reuse passwords. ⚠️ Fraud isn’t just growing… it’s exploding. 👤💬 Our CEO Erik Beguin sat down with Whitney McDonald to discuss why traditional security methods aren’t enough — and what the future of fraud prevention looks like with products like Fort Knox Bank. 🎧 Listen to The Buzz podcast via FinAi News: https://lnkd.in/gjy3YUMm 🎤📍 Erik will speak at the FinAi Banking Summit in Denver 🗓️ Tuesday, March 3 — 1:15 p.m. 💥 “Gen AI in the Ring: Fight Against Fraud” 🔗 Register here: https://lnkd.in/gHUDGjxw

Austin Capital Bank CEO Erik Beguin joined FinAi News "The Buzz" podcast with Whitney McDonald to discuss why usernames and passwords are becoming obsolete and what's next: biometrics, behavioral analytics, AI-powered authentication and products like Fort Knox Bank. 🎧 Listen: https://lnkd.in/gjy3YUMm Catch Erik at the inaugural FinAi Banking Summit in Denver during "Gen AI in the Ring: Fight Against Fraud" on Tuesday, March 3, at 1:15 p.m. Register for early bird pricing here: https://lnkd.in/gHUDGjxw

🚨 A Big Shoutout to Erik Beguin on CBS News Los Angeles! 🚨 Huge kudos to our own Erik Beguin, Founder of Fort Knox Bank (a division of Austin Capital Bank), for his powerful appearance in a recent CBS LA On Your Side segment with Kristine Lazar. Erik has become one of the most insightful voices in the fight against financial fraud, and his commentary in this piece was exceptional — clear, direct, and urgently needed. Erik broke down how today’s cybercriminals use layered social-engineering tactics, why consumers continue to be caught off guard, and what red flags should immediately stop someone from moving their money under pressure. His leadership and advocacy for smarter consumer protection continue to elevate the entire industry. 🎬 Outstanding Work by CBS LA The CBS News Los Angeles team did a phenomenal job exposing the fast-growing “Phantom Hacker” scam — a highly coordinated attack that uses: 💻 Fake tech-support pop-ups 📞 Impersonated bank representatives 🏛️ Fraudulent “government agents” pressuring victims to transfer funds Their reporting clearly showed how these scams evolve through multiple phases and why older adults are often targeted. This kind of coverage plays a critical role in helping consumers and financial professionals understand the real-world risks happening right now. ⚠️ Why This Story Matters The segment highlighted key warning signs everyone should know: 🚫 Unsolicited pop-ups or calls claiming your device is compromised 🚨 Anyone saying your bank account is “under attack” ⏱️ High-pressure tactics urging you to move money quickly 🖥️ Requests for remote access to your computer 👏 Kudos again to Erik Beguin for lending his expertise, and to the CBS LA team for bringing real fraud awareness to the forefront. If you haven’t watched the segment yet, it’s worth your time. Awareness is one of the strongest tools we have against scams like this. https://lnkd.in/gNPvDuif

Our CEO Erik Beguin is speaking at the FinAi News Banking Summit 2026 in Denver to discuss how cutting-edge technology like Fort Knox Bank is combating the $12.5B fraud pandemic. 📅 Date: March 3, 2026 📍 Location: Westin Denver Downtown 🎙️ Panel: "Gen AI in the Ring: Fight Against Fraud" 💥 With fraud up 25% YoY, the conversation has never been more critical. 🔗 Register now! https://lnkd.in/gvsw-vTE #FraudPrevention #GenAI #CyberSecurity #Fintech #AI #FraudDetection #LinkedInEvent

🔒 It's that time again... New Alert on High-Tech Bank Scams & How to Fight Back 🔒 📌 In the article “Terrifying high-tech bank scam drains your life savings in seconds — and ‘devastated’ victims are sounding the alarm,” writer Asia Grace of the New York Post uncovers a surge of ultra-sophisticated imposter frauds targeting bank customers. Article here: https://lnkd.in/gB-cegzR Here's the key takeaways: > More than 516,000 imposter‐scam complaints reported to the Federal Trade Commission as of June 2025, with losses nearing $1.7 million. > One victim was convinced by automated spoofed calls and voiced “call-center” background noise to transfer his life savings (~$30,000) to attackers posing as a major bank. > In another case, a 65-year-old woman lost $162,000 via repeated calls and a fake three-digit code request that enabled wire transfers. > Red flags include: urgent calls from “your bank” demanding transfers, dialed-in spoofed phone numbers, fear tactics (“your account has been compromised, act now”), instructions to lie to bank employees, and phone numbers that seem legitimate but are faked. ✅ What if you had a savings account that would PREVENT this kind of fraud: Yes, we are serious.... Closed-Loop Protection™: Only allows funds to return to the original source—attackers posing as your bank can’t redirect your money to their controlled accounts. Lockdown™ Mode: If suspicious activity is detected (large transfers, new patterns), the account is immediately frozen—giving you time to verify before everything is gone. No Instant Withdrawals: Transfers aren’t executed immediately, creating a built-in time buffer for review—exactly what these fast-moving scams exploit. Active Account Cloak™: Your account has a unique routing and account number combination that is not the actual account number for the savings account. It can ONLY be used to transfer funds INTO the account. The actual account number is alphanumeric with special characters and is incompatible with any funds transfer system or payment app. Biometric Authentication: Access only via face/biometric verification—not a spoofable phone call or text code that attackers can intercept. 🧠 Kudos to Asia Grace for such a clear, sobering look at modern fraud tactics. Their research brings to light how attackers are exploiting trusted institutions and high-tech tools to devastate victims in seconds. 📣 Calling all financial professionals, consumers and fintech enthusiasts: It’s time to make security your number-one account criterion. Because as this article shows—rates, convenience and feature‐parity aren’t enough when fraud moves this fast. 🔍 Want to learn how Fort Knox puts security first in every dimension? Visit the link below to find out more. #Fintech #CyberSecurity #BankingInnovation #FraudPrevention #HighSecuritySavings #FortKnoxBank

👏 Big shoutout and congratulations to Erik Beguin, Founder of Fort Knox Bank and CEO of Austin Capital Bank, for being featured by WSOC-TV Eyewitness News as a national fraud prevention expert in JASON STOOGENKE latest report on the growing wave of account-takeover scams. In the story, Charlotte resident Jada Wilkinson woke up to find her savings account drained to zero and her account closed without explanation. Her financial app provider denied her fraud claim—leaving her without answers or protection. Erik explained how fraud has become a global enterprise, with AI-powered criminal networks operating from overseas, targeting Americans at scale. These aren’t random hackers — they’re sophisticated operations exploiting weak authentication and instant-transfer systems. How Fort Knox prevents these attacks: > Closed-Loop Protection™: Your money can only return to your verified external account — never to an unknown recipient. > No Instant Withdrawals: Every withdrawal includes a two-day review window, giving you time to catch suspicious activity. > Lockdown™ Mode: If potential fraud is detected, your account automatically freezes all transfers until verified. 💡 Takeaway: Convenience-first banking is no longer safe banking. True protection requires intentional friction — designed to stop fraud before it happens. Kudos again to Jason Stoogenke and WSOC-TV Channel 9 for shining a light on the real-world impact of scams — and to Erik Beguin for leading the charge toward a safer future for savers everywhere. 🔐 Your savings deserve more protection than a password can provide. Learn more below! #FraudPrevention #CyberSecurity #FinancialSecurity #FortKnox #BankingInnovation #ConsumerProtection #Fintech