'Tis the Season | Latest Scam Affecting our Members
Whether it’s by phone, email, social media, or even physical mail, scammers and identity thieves can be a relentless and a potentially dangerous part of your life, especially during the holidays. These crooks are increasingly combining new technology with age-old tricks to earn your trust and deceive you out of your hard-earned money and/or personal information. If you don’t think you’ll ever be a target, think again!
Here are a few examples of the latest scams affecting BHFCU’s members this holiday season:
>Black Friday and Cyber Monday Scams
With Black Friday and Cyber Monday right around the corner, it’s important to be diligent with your cybersecurity efforts. During the holiday shopping season, scammers may use emails, special offers, malicious ads and popups, fake websites, and more to deceive you out of money and/or personal information. Be cautious of unsolicited emails and ads.
Click here to learn more about how to combat online fraud
Be wary of donation requests over the phone, through direct mail, online (including social media and crowdfunding), and even in person. Before making a donation to a charitable cause, it’s important to do some background research to make sure the organization is a legitimate charity or nonprofit. Of note, you should never make a donation by gift card or wire transfer.
Click here to learn more about how to donate wisely and avoid charity scams
>Holiday Loan Scams
While a little extra cash can be helpful during the holidays, you should be wary of ads touting online payday loans. Fraudsters will often pose as legitimate financial organizations to cheat you out of your money. One of the ways they do this is by asking you for your Online Banking credentials under the guise that they need to verify your accounts. NEVER GIVE OUT YOUR ONLINE BANKING LOG IN INFORMATION!!!
Click here to learn more about avoiding online payday loan scams
>Spear Phishing Scam
By combining two tactics – spear phishing and caller ID/email spoofing – scammers are hoping to trick you into thinking a call or email is from a company or person you trust. Often they will use some familiar details like the last four digits of your credit card or social security number, a physical address, or email to try and deceive you into providing more information. Known as spear phishing, the scammers likely acquired these details by some other means. Additionally, scammers are able to mask their caller ID and/or email address to make the call/email seem like it’s coming from an actual organization. Don’t be fooled!
Click here to learn more about what to watch for with a spear phishing scam
Never give out your personal or financial information!
Many scams succeed because they look and sound a lot like the real thing and typically catch people off guard. No matter your background, age, or income level, at some point you could be the target of a scam, fraud attempt, or identity theft ploy. In these situations, it’s important to remain calm, be cautious, and keep in mind the following:
rotect your identity:
- No Passwords
- No PIN
- No Personal Information.
While BHFCU works hard to protect you and your information, we encourage you to regularly check in with us to stay informed about the latest threats to your money and personal information. You can also take some precautionary measures like signing up for BHFCU’s Card Alerts program
, setting up free credit monitoring alerts, and registering for our Online Banking
and Mobile services
to help monitor your account for fraud.
Visit bhfcu.com/security to learn more about how you can further safeguard yourself from fraud and the latest scams. Please call BHFCU at 605-718-1818 if you have any questions or concerns about your finances or personal information.