Scam Alert: Bank Fraud, Fake Checks, and Phishing Attacks
After Natural Disasters... Post-Disaster Scams
In the aftermath of a major disaster, many aspects along the road to recovery will almost certainly involve your insurance (homeowners, renter/tenant, automobile, marine, flood, etc.). Taking a few immediate steps can significantly increase ability to obtain a quick settlement from your carrier. Here are some tips.
BBB Warns Against Three Common Check Scams
Experts estimate that billions of dollars have been lost as the result of fake check scams. Scams involving fake checks come in many different forms and can be very hard to identify as the printing technology used by scammers improves. Better Business Bureau warns against three common check scams and offers advice on the red flags to look out for.
Consumers Warned to Avoid Fake E-mails Tied to Bank Mergers
The Federal Trade Commission urges caution regarding e-mails that look as if they come from a financial institution that recently acquired a consumer's bank, savings and loan, or mortgage. In fact, these messages may be from 'phishers' looking to use personal information -- account numbers, passwords, Social Security numbers -- to run up bills or commit other crimes in a consumer's name.
Don't Fall for These Vishing or Smishing Scams
Follow the money. Crooks apparently are taking that famous line to heart. At the same time the non-profit Move Your Money campaign has successfully urged many Americans to switch to community banks as a way of expressing their displeasure with - too big to fail - corporate banks, thieves are now targeting customers of these smaller community banks and credit unions with phone-based phishing scams. Crooks contact bank or credit union customers via live or automated phone calls (known as vishing attacks) or via text messages sent to cell phones (smishing attacks) that may warn of a security breach as a ruse to obtain PIN numbers and other account information they need to lift money from their accounts.
Federal Reserve Board Alerts Public to Instances of Fraudulent Solicitations Directed at Consumers
The Federal Reserve Board is warning consumers about fraudulent solicitations that appear to be made with the approval or involvement of the Federal Reserve, Federal Reserve officials, or other U.S. government officials. These solicitations promise bogus financial services or large sums of money in exchange for either payment or personal information that can then be used to access a consumer's bank account.
Fraud Email Phishing Activity Reported from National Credit Union Administration
The National Credit Union Administration (NCUA) is reporting recently simulated NCUA email boxes. The fraudulent emails solicit credit union member participation in an Online Survey or Member Survey, and promise compensation of $40 as an inducement to respond to the email. The emails are fraudulent, and may be an attempt to obtain confidential member information. NCUA does not solicit such information from credit union members. This is a phishing activity with no NCUA activity or approval. If you have received these emails please do not respond.
Fraudulent "ACH and Wire transfers" E-Mails
The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that have the appearance of being from the FDIC. The e-mails appear to be sent from various "@fdic.gov" e-mail addresses, such as "email@example.com," "firstname.lastname@example.org," or "email@example.com." They have various subject lines such as "Update for your banking account," "ACH and Wire transfers disabled," and "Banking security update."
The Latest Phone Scam - Targets Your Bank Account
Imagine getting hundreds or thousands of calls on your home, business, or cell phone, tying up the lines. And when you answer, you hear anything from dead air to recorded messages, advertisements, or even phone sex menus. It's annoying, no doubt. But it could be more than that - it could be a sign that you're being victimized by the latest scam making the rounds. This "telephone denial-of-service attack" could be the precursor to a crime targeting your bank accounts.
Page Last Reviewed or Updated: May 16, 2013
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