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:
Tax refund fraud
The IRS has identified a new scam in which cyber-criminals have stolen client data from tax professionals and filed fraudulent refunds using real taxpayer information, including bank account and routing information for direct deposit. The fraudster then contacts the taxpayer posing as an employee of a debt collection agency working on behalf of the IRS. They ask the taxpayer to take certain steps to return the refund, but actually the refund goes to the criminals.
Click here for more information about how to return a tax refund received in error or due to fraud.
Click here to view a quick video about tax scams.
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- Money is withdrawn immediately at an ATM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
Click here to view a short view about card cracking from the U.S. Postal Inspection Service.
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.