Security Center Archive - Franklin Mint Federal Credit Union

Watch Out for Card Skimming Fraud

June 28, 2022

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 […]

IRS Warns of Suspicious Communications Scams on their “Dirty Dozen” List

June 14, 2022

The IRS has compiled their annual Dirty Dozen list for more than 20 years as a way of alerting and raising awareness to taxpayers about scams and schemes. Specifically, the IRS has announced suspicious communications in all forms designed to trick, surprise, or scare someone into responding before thinking is the No. 7 on the […]

Cryptocurrency Scams

June 7, 2022

Cryptocurrency investing has become the new craze. While more people are becoming involved in crypto investing, they are also risking becoming involved in a scam. There is a lot to learn about crypto investing, and more times than not, people are jumping on the bandwagon without being fully educated. This is how scammers are able […]

Scammers Pretending to Offer Student Loan Forgiveness

May 27, 2022

The U.S. Department of Education announced an extension of the Federal student loan payment pause, now through August 31, 2022. In addition, although it has been in the news and discussions of possible loan forgiveness for all borrowers, this is not official yet.* Student loan debt relief scammers are convincing borrowers that they are qualified […]

Avoid Baby Formula Scammers Online

May 18, 2022

With the high demand for baby formula, scammers are popping up online and tricking families into paying for overpriced formula which never arrives. Scammers are setting up fake websites or profiles on social media platforms. These include logos and images of well-known formula brands, making it seem like you are purchasing formula from official company […]

Scammers Use Fake Caller IDs to Pose as Utility Companies

May 11, 2022

There have been reports of phone calls with the Caller ID showing as a person’s utility company. The scammer claims that the customer owes over a thousand dollars and proceeds to demand that if the customer does not pay, their service would be cut off. Because the phone number on their caller ID is the […]

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