FMFCU July 2023 Security Newsletter

Stay Alert for the Latest Scams

The security of our members’ personal information and financial accounts is a top priority at FMFCU. As reports of scams and fraud attempts continue to increase, we want to ensure all members stay educated and alert to avoid becoming a victim.

Check out the Newsletter here!

Check Washing Mail Fraud Continues

How the Scam Works:

• Scammer obtains check from mailbox.
• An ink-dissolvable chemical is used to remove information.
• Scammer writes out check to own name for a large amount.
• Signature is forged on the back.
• Scammer deposits check and gets the money.

How to Avoid the Scam:

• Go paperless – Use FMFCU’s Online and Mobile Banking to pay bills.
• Never leave checks in a mailbox overnight.
• Mail checks directly through a physical post office location.
• Use a black gen pen to make ink difficult to remove.

ATM Card-Skimming Scams are Rising

Skimming is an illegal activity where a scammer installs a device that secretly records card data when a card
is inserted into an ATM machine. The stolen data is then encoded onto a blank card and used to get into the user’s bank account.

Be on the Lookout
There are three different areas on an ATM that can lead to successful skimming fraud.

1. A hidden camera to record the PIN entered
2. A skimming device that records card data
3. A keypad overlay that records actual key strokes

Protect Yourself

• Check the keypad. If the numbers are hard to press or feel thick, it might have a false keypad installed.
• Cover your hand when entering your PIN incase a hidden camera is installed.
• Check your accounts regularly for unusual activity.
• Sign up for VISA Fraud Alerts.

Identity Theft Prevention and Action Steps

FMFCU wants to ensure the identities of all members are protected. Read our tips below and download our all-new Identity Theft Packet if you’ve become a victim.

Prevent Identity Theft

• Do not share personal information.
• Protect PINs and passwords.
• Monitor financial accounts.
• Check statements carefully.

Suspect Identity Theft? Follow these 5 steps or download FMFCU’s Identity Theft Packet:

1. Call FMFCU fraud immediately upon knowledge.
2. Get a copy and review your Credit Report.
3. Place a Fraud Alert on your Credit Reports.
4. Report to the Federal Trade Commission (FTC).
5. File a report with local police or law enforcement.

Image Credit: Skimming, Common Scams and Crimes, Scams and Safety, Federal Bureau of Investigation.