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Credit, Investment, Savings, Security

Hang Up on Imposter Scams—Part 1

Imposter scams seem to never stop, and no one is immune to being victimized by them. But you can know more about imposter scams—how they operate, what are some of the imposter scam variations, and actions you can take if you’re contacted by a fraudster posing as someone else.

Credit, Investment, Savings, Security

International Data Privacy Week is Coming…Are You Keeping All Your Personal Data Private?

Our personal data is on websites, computers, cellphones and tablet computers; and it’s dynamic. Our personal information is constantly growing, shrinking and being shared with other people and with companies. Advertising agencies, your internet service provider, cellular service carrier and social media platforms—along with members of those platforms—are just some of the organizations and people that can see and share what you’re doing. For International Data Privacy Week, you might want to consider how to keep your personal information more secure and away from scammers and others who shouldn’t have it.

Credit, Savings, Security

Avoid Fake Check Scams—Have a Check Clear Before Sending Money

Fake checks are big business for crooks, and their ability to convince victims that they are reliable people or businesses means that everyone should be careful when receiving a check from a stranger. But many people aren’t careful. According to the U.S. government’s Federal Trade Commission “Consumer Sentinel Network Data Book 2021”: “The median loss for all fraud reports in 2021 is $500. Among the top 10 frauds reported, the median individual losses were highest in these categories: Investment Related ($3,000) and Foreign Money Offers and Counterfeit Check Scams ($2,000)…”, while the report also showed that last year there were almost 70,000 reports of fraud resulting in approximately $130 million in losses from payment apps or services.

Credit, Investment, Savings, Security

It’s National Cybersecurity Month; Be Careful When Making Digital Payments

Cybersecurity is important, since cybercrime’s effect on people’s lives can be very frightening and cost people money and their identity. According to the 2021 Internet Crime Report from the Federal Bureau of Investigation, “In 2021, America experienced an unprecedented increase in cyber attacks and malicious cyber activity.” Of the top five crimes in the report, identity theft ranked second and personal data breach ranked third. The Federal Trade Commission (FTC) highlighted in its 2021 Consumer Sentinel Network Data Book how most of last year’s consumer fraud money losses occurred: “Bank transfers and payments accounted for the highest aggregate losses reported in 2021 ($756 million).” Not all crimes are reported to government authorities, so the total amount of crimes committed and money lost is probably higher.

Budget, Retirement, Savings, Security

Protecting Aging Adults from Financial Abuse

Being aware of an elder’s lifestyle is the first step in determining if they may be a victim of abuse. There may be many small and large symptoms of potential elder financial abuse, and it’s important to stay current on a family members’ (or friends’) behavior, their living environment, and, if you can, how their financial accounts are set up and their cash flow and bill paying activities.

Credit, Investment, Savings, Security

How to Begin Recovering from Identity Theft

Identity theft may be preventable, but when it occurs, it can be terrible to experience and difficult to recover from. If a crook steals your identity, they may not just hijack your accounts and steal your money; they can cripple your finances, harm your credit rating and make you liable for taxes that you don’t owe. It’s important to know and look out for the signs that your identity has been taken and used to harm you. Although Identity Theft Insurance can be purchased to help manage the effects of identity theft on your life, there are still actions that must be taken quickly to mitigate identity theft’s consequences.

Security

Don’t Get Scammed on Social Media

Facebook®, Instagram®, Twitter®, LinkedIn®, TikTok®, WhatsApp®, Telegram®, Tumblr®, Roblox®, Discord® (and numerous other forms of social networks) have billions of daily users across the United States and around the world. Wherever there are lots of people, there are individuals and companies trying to make money by selling to them, and, sometimes, by stealing from them. Social networks provide a convenient, easily accessible and large group of targets for scammers.

Investment, Savings, Security, Taxes

Be Sure to Use the Right Account Number When Setting Up Direct Deposit

It’s common for Delta Community members to link their Credit Union accounts, such as a Savings Account to a Checking Account, or to link their Credit Union accounts to other financial institutions or to the U.S. government, such as linking an account with the federal Internal Revenue Service for paying taxes or receiving tax refunds. If you are linking accounts, be certain you are always using your correct Delta Community Credit Union account information/number.

Credit, Savings, Security

Working to Avoid New Job Scams

In response to the Great Resignation, there are millions of available jobs at companies needing to replace or increase full or part-time staff, with both employed and unemployed candidates eager to apply for a new, potentially more profitable position. Employers are posting open positions on online job boards, and recruiters are reaching out to potential candidates by phone and email. But not all of those jobs are real—some are fake and being promoted by scammers posing as job recruiters trying to steal money and hijack financial and other types of personal accounts.

Credit, Savings, Security

Where To Get Help if You’re Scammed

Once someone realizes they’ve been scammed and lost their money, what can they do to protect themselves from further losses and, possibly, recover their funds? There are actions to take both with the companies holding financial accounts and with the U.S. government that may be able to help a victim restore their money, protect their accounts, and track down the crooks responsible for a financial loss.
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