New phishing methods used to lure credit union members

Phishing emails continue to include new twists to convince credit union members the email is legitimate and is being sent by their credit union.

How the scams work
Since fraud is a hot topic these days, phishers attempt to lure members by including fraud protection techniques as the basis for the phony emails. Recipients are urged to “take action to guard against fraud” and are asked to deactivate their card(s) temporarily and then activate their card(s) by logging on to an “online banking system” where fraudsters are then able to obtain the member's card information. Recipients are also told there is no need to contact their credit union to validate the email or telephone request.

What can you do to protect yourself against phishing scams?
Be protective of all your personal and financial information. Never provide information to unknown solicitors or websites unless you are extremely confident of the source requesting the information.

We also suggest you sign up for our Fraud Prevention e-LERT. Our Fraud Prevention e-LERT will immediately advise you when we have added a new article or warning to the ‘Fraud Alert' section of our website.