Financial crime against older Americans is a growing problem. People living with dementia are at an especially high risk of becoming victims of fraud and financial abuse. As their memory and other thinking skills decline, people with dementia may struggle to make financial decisions. They may not remember or report the abuse – or understand […]
Becoming a victim of fraud is extremely distressful for those affected, regardless of how it occurs. There are some unique situations where a member may feel too scared or ashamed to report that they were victimized. Extortion is a crime that occurs when someone threatens to harm or damage someone’s reputation or property unless […]
Artificial Intelligence (AI) technology continues to evolve, enhance and become more powerful. While AI can be very beneficial, it can be just as harmful. In fact, AI has now become a powerful tool for generating phishing emails- specifically AI chatbot tools such as ChatGPT.* Scammers have been taking advantage of this tool because it makes […]
Facebook Marketplace is an easy, common and convenient way to sell items. However, unfortunately, it is also a common way scammers are using social media to take your money. Recently, scammers have been using P2P Platforms, such as Zelle® to trick buyers into upgrading to a “business account” and sending more money than the item […]
The devastation in Turkey and Syria following massive earthquakes is inspiring people to help through donations. However, like other donation scams, scammers are out to take advantage of your generosity. Scammers are using familiar-sounding names to create fake charities, and are asking for donations in cash, by gift card, or cryptocurrency. Here’s how to spot […]
Fraudulent text messages and phone calls are continuing to increase. Scammers are out to steal personal and financial information, and it is important to stay alert and recognize non legitimate text messages. In the latest of these scams, texts and calls are appearing to be from FMFCU or Zelle®. Be aware of: Texts claiming to […]
