Money Matters
Your Credit Union Newsletter
In today’s digital world, staying safe from fraud is more important than ever. One of the lesser-known risks is something called ghost scamming. Read more.
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The FBI recently sent out an alert about a multi-step con that’s draining Americans’ nest eggs—especially people nearing retirement. The “Phantom Hacker” scam doesn’t rely on a single scary encounter; it strings together coordinated impersonations to trick you into “protecting” your money by handing it over to the scammer. If you’re unfamiliar with the Phantom Hacker scam, keep reading to learn how it works and the simple things you can do to shut it down.
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Discovering that someone’s used your debit or credit card or tapped into your bank account without permission is stressful—sometimes even scary. But acting quickly can make a big difference in limiting the damage and protecting yourself going forward. Read more.
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Can an employee of the Credit Union fall for a scam? In short, yes. In this blog, I’ll share how I almost fell for a government impersonation scam and provide tips to help keep you safe. Read more.
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Congratulations! You’ve completed your tax return and submitted it to the IRS on time. All you have to do now is sit back and wait for that sweet return if you’re owed one. You’re not the only one excited about tax refunds. Scammers love them, too. And with the IRS making the news, scammers are using this as an opportunity to deceive people.
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Cybercrime is an ongoing challenge that continues to grow. From 2019 to 2023, cybercrime nearly doubled to more than 880,000.* In 2023, consumers reported losing more than $10 billion to scams, a 14% increase over 2022.** To help protect you and your money, here are four signs that someone is trying to scam you.
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“Hello, we’ve noted a problem with your account ending in 4321. Can you please give me your Social Security Number so I can verify your identity?” Talk about service, you may think. Your financial institution is calling you to report suspicious activity related to your account. Here’s the problem: There’s been no suspicious activity. The person is not calling from your financial institution. It’s a scam.
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