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 […]

Veterans: Avoid Being a Victim of a Pension Poaching Scam

June 17, 2021

WHAT IS VETERAN PENSION POACHING?* Pension poaching is financial exploitation targeting veterans and beneficiaries who are potentially eligible for VA pension benefits. Pension poaching comes in several forms but is always an attempt to de-fraud America’s heroes. Some poachers sell financial products of questionable value or charge a fee to restructure assets in order to make the veteran or beneficiary […]

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 […]

Romance Scams are on the Rise

March 4, 2021

More and more consumers are getting caught in romance scams. For three years running, people have reported losing more money on romance scams than on any other fraud type.  In 2020, reported losses to romance scams reached a record $304 million, up about 50% from 2019.*  People are getting lured into talking to people with […]

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