Fraud - Franklin Mint Federal Credit Union

Unemployment Benefit Fraud is Surging

July 27, 2021

According to the U.S. Department of Labor, states have been experiencing a surge in fraudulent unemployment claims filed by organized crime rings using stolen identities that were accessed or purchased from past data breaches, the majority of which occurred in previous years and involved larger criminal efforts unrelated to unemployment. Criminals are using these stolen […]

Don’t answer auto warranty robocalls

May 20, 2021

Yes, we’ve all received these recorded messages claiming the person is from the Vehicle Service Center and wanting to speak with you about your auto warranty. This writer gets them a few times a day!  Hang up! Don’t answer the call.  The FTC has shared a great blog post* about this scam:   Have you […]

Be aware of fake emails regarding stolen personal data

April 6, 2021

Ransom Gangs Emailing Victim Customers for Leverage* – Some of the top ransomware gangs are deploying a new pressure tactic to push more victim organizations into paying an extortion demand: Emailing the victim’s customers and partners directly, warning that their data will be leaked to the dark web unless they can convince the victim firm […]

High Alert – Avoid P2P Scams (Zelle, Venmo, CashApp)

March 26, 2021

You may have heard of or use mobile payment apps like Venmo, Cash App, or Zelle that let you send and receive money through your smartphone. FMFCU also has it’s own product called SendMoney.  Fraudsters are using these apps to fool you into giving up your cash*.  Scammers want you to pay in a way […]

Watch out for a new breed of checkout skimmers

February 25, 2021

A recent new skimming device is now out in the wild to capture your card data and PIN. The skimmer looks exactly like a card reader with a PIN pad except it’s an overlay on an existing reader! Once placed on the card reader, it captures your card data and PIN when you enter it. […]

Health Fraud

October 19, 2020

Health Fraud* As COVID-19 spread, coronavirus scams spread, too, many of them plugging phony cures. The companies touting colloidol silver as a defense against the disease or selling bogus COVID-19 testing kits are part of a long and ignoble tradition of exploiting people’s health fears for profit. The federal Food and Drug Administration (FDA) defines health fraud as the deceptive advertising, […]

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