Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers target taxpayers by posing as the IRS through the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals.* It is important to remember that The IRS doesn’t initiate contact with taxpayers by email, text […]
The FBI is warning the public that criminals exploit generative artificial intelligence (AI) to commit fraud on a larger scale which increases the believability of their schemes. Generative AI reduces the time and effort criminals must expend to deceive their targets. Generative AI takes what it has learned from examples input by a user and […]
FMFCU has been informed of a new twist to FMFCU Imposter Calls: Using FaceTime. Members are first receiving a text that their account or debit card has been compromised. When the fraudster then calls pretending to be an FMFCU representative, the member is provided with a Security Access Code (SAC). Then, the fraudster requests to […]
Social engineering is a commonly overlooked threat to cybersecurity. Tactics are used to manipulate individuals into divulging confidential information or performing actions that compromise security. Through this, attackers can gain unauthorized access to sensitive data and systems. Social engineering encompasses various tactics. These methods often rely on deception, urgency, or fear to prompt individuals to […]
What is Card Skimming? Card skimming is a method thieves use to collect data from the magnetic strip on a credit or debit card at the time it is being used during a transaction. Skimming involves a device that is illegally installed on machines to store and transfer card data. Card skimming devices are typically […]
UPDATE as of 7/3/24: We have been alerted that fraudulent texts impersonating our CEO, Michael Magnavita are being sent out. The fraudulent texts may solicit you to perform a task or ask you for personal information. DO NOT RESPOND and DELETE the text. FMFCU would never send outbound texts asking for personal information including PINs, […]
