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 […]
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 […]
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 […]
Artificial intelligence (AI) refers to a number of different technologies that enable computers to sense, understand, act, and learn with human-like levels of intelligence. Due to AI technology, computers are able to perform a variety of advanced functions. Scammers are aware of the hype around AI and are using this hype to their advantage to […]
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 […]
In the past several months, check fraud through the mail continues to rise. It is important to understand the risks involved before choosing to send payments through the mail. Ways fraudsters are obtaining checks through the mail:* Fishing – an old-fashioned, but proven effective, method which they will attach something sticky to a weighted object […]
