In our continued commitment to your financial safety, we would like to shed light on an alarming trend: Call Fraud. It's crucial to know how these scams work so you can protect your hard-earned money and personal information.
What is Call Fraud?
Call fraud, often known as "vishing" (voice phishing), occurs when fraudsters pose as legitimate organizations (like financial institutions, utilities, or even government agencies) over the phone. Their aim? To manipulate you into sharing confidential information such as account numbers, passwords, or Social Security numbers.
How Does This Fraud Work?
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Persuasive Tactics: The scammer might claim there's a problem with your account, or they're offering a special deal, or perhaps they're conducting a 'routine check.'
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Urgency: They often create a sense of urgency, pressuring you to act fast.
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Request for Personal Information: They'll ask for sensitive details, usually with the pretext of "verifying" your identity or "securing" your account.
How Can You Protect Yourself?
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Never Offer Information: Legitimate organizations will never ask for personal details, passwords, or PINs over the phone.
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Stay Skeptical: Always question the legitimacy of unsolicited calls, even if the caller ID seems genuine; fraudsters have the ability to "spoof" phone numbers to appear legitimate.
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Hang Up and Call Back: If unsure, hang up and call back on the official number of the organization they claim to represent.
Remember, scammers are crafty and continually refine their tactics. But by staying informed and vigilant, you can sidestep their traps.
When in doubt, contact the credit union. Your trust is invaluable to us, and we're always here to ensure your financial well-being. Stay safe and be alert!
