With all the commotion of planning, celebrating with family and friends, and endless amounts of shopping during the holiday season, it is easy to let your guard down when it comes to financial safety. Fraudsters capitalize on this and use several different techniques to implement their scams on unknowing individuals.
Social Media Scams: Fraudsters will set up fake, online stores and use social media to advertise the fake websites. An individual may attempt to purchase something from the fake site and unknowingly provide account information to the fraudster without ever obtaining any goods or services.
Porch Pirates: This type of fraud typically increases during the holidays. Criminals steal packages from doorsteps/porches of unsuspecting homes, apartments and businesses.
Shipment Update Scams: Fraudsters send a fake email notifying you of a delivery failure or ask for updated shipping information. The email may look like it is coming from the original sender, but it contains a link with malware.
Donation and Fake Charities: People love giving back during the holiday season and unfortunately scammers know this. Similar to social media scams, donation scams often try to replicate a charity website convincing you to donate money which goes right to the criminal.
Loan Scam: Similar to social media scams, fraudsters will replicate loan companies and state that you have been approved for a loan. They will then ask you for your online banking credentials to make the “deposit” into your account. No legitimate company will ever ask you for your online banking information to make a deposit.
Please contact a NEFCU representative if you suspect fraudulent activity has occurred on your account.