Don't Fall Victim to Remote Deposit Check Fraud
Never provide your online or mobile banking login to an outsider to deposit a check. THAT'S A SCAM!
Remote Deposit is a simple and convenient way to deposit a check without having to visit a branch or ATM. Unfortunately, it also presents an opportunity for fraudsters looking to scam you out of your hard earned money.
NEVER give out your personal information to strangers. If you are ever offered money in exchange for your personal information, it's likely a scam.
Money Mule Recruiting – Could You Be Targeted?
A "money mule" is a person who is used to transfer and launder illegally acquired money (e.g., stolen) or some kind of merchandise on behalf of or at the direction of another. Although the money mule often gets a small commission for the service, sometimes he or she will assist simply because they believe they have a trusting or romantic relationship with the individual who is asking for help.
Read the full article at www.nafcu.org
Don't Fall For A Loan Scam
Better Business Bureau® Offers the Following Advice When Looking for a Personal Loan:
Be careful where you put your information. Beware of applying for online loans through unfamiliar businesses or websites. Many of these online application sites are run by scammers or by people who sell your information to scammers.
Don’t pay advance fees. Understand that any business operating by phone and charging insurance or other fees in advance of making a loan is operating illegally.
Verify the address. Do not do business with anyone who cannot give you an address that you can confirm as legitimate.
Read the contract. Read any contract carefully and make sure you understand all requirements before entering into any agreement.
Don’t get tricked by “official-looking.” Official-looking loan documents and sophisticated looking websites are easy to copy or fake. Just because a business appears legitimate, doesn’t mean it is.
Do your research. Find an Accredited Business using BBB’s Member Pages, and check out the company’s BBB Business Review before purchasing anything from a website.
Read the full article at www.bbb.org
Not What It’s Cracked Up To Be
It may seem innocent, you see a post on a social media site announcing a contest, or, maybe a webpage that claims to have a celebrity affiliation is offering a gift card giveaway. The variations are endless, but here’s the tip-off that fraud is afoot. At some point, you’re asked for your bank account information, PIN number, or online banking credential. That’s when you can bank on the fact that those “innocent” offers aren’t what they’re cracked up to be, instead you stumbled upon a scam called “card cracking.”
Justice Department Coordinates Largest-Ever Nationwide Elder Fraud Sweep
Attorney General Focuses on Threats Posed by Technical-Support Fraud
Attorney General William P. Barr and multiple law enforcement partners today announced the largest coordinated sweep of elder fraud cases in history, surpassing last year’s nationwide sweep. The cases during this sweep involved more than 260 defendants from around the globe who victimized more than two million Americans, most of them elderly.
Read the entire press release at www.justice.gov.
Avoid a Fake Check Scam
Did someone send you a check and ask you to send some money back? THAT'S A SCAM!
A fake check scam usually begins with someone sending you payment in the form of a check for any number of reasons. It could be payment for selling something online, phony prize money, or even payment for a job or service provided. The problem is, they send you too much money, and ask you to wire or transfer some back. By the time you or your financial institution realizes the check is fake, it's too late. The scammer already has the money you sent, and you’re stuck paying the rest of the check back to your financial institution.
Don’t fall for this scam. Learn more about the Anatomy of A Fake Check Scam at www.consumer.ftc.gov.
Protect Your Money
How to Spot an Investment Scam
The Fraud Research Center estimates that Americans lose $40-$50 Billion dollars to fraud every single year, and up to 17% of the adult population falls victim to some form of financial fraud in a given year. Most of us believe that we’re too smart to fall prey to financial fraud, but successful fraudsters trick smart people out of their money by offering incentives that are just good enough to be true.
Mortgage Fraud Alert
It has been brought to our attention that postcards have been sent to some credit union Members asking them to call a toll-free phone number regarding a recently closed mortgage from Justice Federal. Please be advised that Justice Federal is NOT affiliated with this company and that this is a fraudulent attempt to collect personal information. Please DO NOT call or provide any information in reseponse to this request.
Keeping Your Browser Up-To Date
Justice Federal Credit Union takes a proactive approach to protecting the safety and security of our Member’s by keeping our software up-to-date with the latest technologies. In an effort to accomplish this, we would like to remind you of the importance of keeping your web browser updated.
About the Equifax Data Breach
According to Equifax, 143 million American consumers were exposed to a data breach. The breach lasted from mid-May through July. The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some cases, driver’s license numbers. They also stole credit card numbers for about 209,000 people and dispute documents with personal identifying information for about 182,000 people.