Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
'Vishing' scams making the rounds again
MADISON, Wis. (3/11/14)--Some credit unions are reporting that their members are being targeted with phone calls and voice messages that claim their debit or credit cards have been compromised.
 
The scam, called "vishing," includes automated messages that prompt the members to enter confidential information such as the card number and PIN.
 
Fort Atkinson (Wis.) Community CU was targeted last week, according to Sue Johnson, senior vice president of the $196 million-asset credit union (WMTV-15 March 7).
 
The credit union's fraud department reacted quickly, resulting in only a few members being affected. Even those affected have no liability for the fraud losses, stressed Johnson.
 
Financial Builders FCU, $70 million in assets, also reported fraud incidents. The Kokomo, Ind., Police Department said scammers are falsely representing the credit union, purportedly informing members that their cards have been deactivated (Kokomo Perspective March 10).
 
The police also told consumers that if they did provide their information to these callers, they should call their credit union or other financial institution in order to protect their card.
 
Johnson reminded consumers that financial institutions will never ask for this type of confidential information over the phone.
RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
14 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
14 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
17 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
18 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
19 hours ago