Staying safe online is more important than ever. As technology continues to evolve, so do the tactics used by scammers. It's essential to be aware of these tactics in order to protect your financial information. Let's explore some of the most common scams and learn how to protect yourself.
Spoofed Call Scams:
Scammers are becoming increasingly sophisticated in their tactics, and one of the latest trends is spoofing phone numbers. This means they can make it appear as though a call is coming from a reputable company, like Credit Union of America (CUA). However, once you answer, they'll ask for sensitive information like your card details, account numbers, and even your online banking login information.
These fraudsters may also claim that your debit card or online banking credentials have been compromised over a spoofed phone call. They may ask you to verify your information. Scammers can then use this information to access your account and steal your money.
How to avoid falling victim to spoofing scams: If you receive a suspicious call, even if the caller ID or sender address appears to be from CUA, it's essential to be cautious. Hang up immediately and contact CUA directly. If you provide information and rethink the action, contact us immediately during regular business hours so we can evaluate the situation and take any steps needed to protect your account.
Deceptive Online Loan Offers:
Be cautious of online loan offers that seem too good to be true. Fraudsters will often contact potential victims, offering quick and easy loans with minimal requirements. However, these scams frequently involve upfront fees, deceptive tactics, and the potential for significant financial losses.
One common tactic involves victims applying for a loan online and providing personal information. After submitting the application, they may receive a small deposit and then be instructed to return a portion to the "lender" before receiving the loan. This trick is designed to deceive borrowers into sending money they will never see again.
Don't fall for deceptive online loan offers: If you're considering an online loan, be vigilant. For a safe and secure online loan application experience, Credit Union of America members can visit our official website at CUofAmerica.com or use our convenient digital banking app.
Merchant Fraud:
Another common method scammers are using to trick people into providing their personal information involves sending fraudulent text messages or emails that appear to be from legitimate companies, such as Microsoft or Amazon. These messages may contain a link that claims to offer a refund, credit, or other benefit. If you click the link, you will be directed to a fraudulent website that looks like the company's legitimate website. Once you enter your credentials on the fake website, fraudsters can gain access to your account and potentially transfer funds or commit other fraudulent activities.
Fight off merchant fraud: If you receive an email or text message that seems suspicious, even if it appears to be from a reputable company, be wary. Do not click on any links or attachments; instead, go straight to the source to ensure your safety.
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