Reminder: TruMark Financial will never call asking for your account number, PIN, debit or credit card number (including the 3 digit code on the back), or any other personal identifying information. If anyone contacts you purporting to be from a financial institution or another agency and asks for personal information, money, or gift cards, please be diligent. Do not share any personal information with them. If you think you’ve become a victim of a scam, please call 1-877-TRUMARK. Please note: TruMark Financial may send texts and emails to the phone number or email address on record to verify identification before accessing your accounts.
Criminals constantly search for new and clever ways to obtain money and personal information from consumers. Each year, more consumers and businesses depend on computers, tablets, and smart phones to perform banking transactions and purchases, making cyber security and fraud vulnerabilities more prevalent. At TruMark Financial, protecting your information is a priority. We are committed to raising awareness and educating employees and members to protect confidential information. Take action to protect your personal and financial information. Keep online and offline transactions secure by reviewing security alerts, recognizing common scams, and protecting your identity. Below are current scams to be aware of and how to reduce risk to you/your accounts:
A fraudster may call, text, email, or mail a letter asking for personal information (e.g., Social Security number, credit card number, bank account information, or password) in a phishing scam. They may even appear to be a known company or claim to be from a trusted source. If you are unsure if the person who contacted you is authentic you should independently reach out to the business on your own using a known phone number or website instead of accepting an unsolicited contact. Most legitimate companies will not contact you this way asking for personal information.
One-Time Password Bots
Scammers are now using one-time password bots to trick people into sharing authentication codes that are sent to them via text or email. The bots may initiate a robocall or send you a text imitating a legitimate company. The voice bot tells you they need to verify if a charge is authorized and tells you to input the code that you received via text if you didn’t make the charge. In reality, the bot is attempting to log in to your account, which triggers the system to send you the code. If you share the code, the scammer can then log into your account. As a reminder, you should never share a one-time password with anyone.
Fraudsters are turning to peer-to-peer payment apps as a means to steal money. In one case the fraudster may email, text, or call you pretending to work for your financial institution’s fraud department. They’ll claim that a thief was trying to steal your money through the peer-to-peer payment app and they will walk you through “fixing” the issue. Then they’ll instruct you to send money to yourself, but the money will actually go to their account. In another case, an unknown person may “mistakenly” send you money through a peer-to-peer payment app and ask you to send it back or forward it to someone else. If you do so and your financial institution later determines that their payment was fraudulent, the sum of the payment will be subtracted from your account. Always contact the peer-to-peer payment app directly if you receive money from an unknown person.
Card cracking schemes target college students or recent graduates who are likely cash-strapped and the fraudsters use social media to do it. Here’s how it works:
- A fraudster sends you a social media message to make quick cash
- Enticed by the promise of money, you provide the scammer a debit card, PIN, or online credentials, giving them direct access to your account
- The fraudster deposits a fake check in your account
- Money is withdrawn immediately at an ATM
- The fraudster gives the accountholder a kickback
- You call the credit union/bank to report a lost or stolen card or compromised credentials
- The credit union/bank reimburses the stolen funds to you
- You are now a criminal accomplice
Pop-up scams occur when cybercriminals take over a web browser with a hard-to-close window declaring that your computer is infected with viruses and pressures users to call a phone number for help. The phone number connects to a call center where high-pressure salespeople demand remote computer access. After “finding” serious but fictional problems, the scammers ask for hundreds of dollars for equally fictitious or useless repair and security services.
Mobile deposit scams may happen when a person receives an offer for a free smartphone and is asked to provide their bank information for a supposed “credit check”. The fraudster uses that information to access the person’s mobile banking app and then deposits a fraudulent check. The fraudster will withdraw cash against it before the financial institution spots the fake check, leaving the accountholder responsible for any funds withdrawn.