Making Cents Blog

Time to go phishing

Protect yourself from phishing scamsWith the weather getting better and warmer, it is time to go fishing! Well, the fraudsters are gearing up too – to go phishing!
Believe it or not, phishing (and fishing) activity is on the rise this time of the year. Although we wouldn’t like to discourage you from fishing, we’d definitely like you to be cautious falling prey to phishing! Watch out for those friendly (or unfriendly) fake emails from your “faked” financial institution asking you to reset your password or activate your debit card immediately or the sky would fall! Phishing (and fishing) is a very challenging activity/sport (depending on which way you look at it)!
So be alert and watch out!!
Be cautious:
·      Do not click on links included in emails from people/companies you don’t know.
·     Phishers are getting smarter. They now include a phone number to call instead of a link. Do not call and enter your bank/card details without being 100% sure that the number belongs to your financial institution. How would find out? Just visit their web site and call support. Verify with them if the email/number is genuine.
·     Do not click on links in emails that report payment of some amount of money to a vendor, and asks you to report suspicious activity. This has been very common with PayPal phishing scams and is now being used for other institutions as well.
·     Another newer form of phishing is called “reverse NDR attack” (very dramatic term, huh!). It is an indirect form of phishing where the original email is sent to you in the form of a “Non Deliverable” email (hence the name NDR – Non Delivery Report). Although you never sent the original email, you received the “Undeliverable” email because it was meant to be sent to you in an indirect way. Most of the time curiosity gives way and people click to see the attachment. And voila! They have just opened a phishing email that could have a virus code in it.
Protect yourself from future scams.
·     Familiarize yourself with official credit union communications. 
o    We will never solicit personal or private information via email.
o    The only communication regarding your account is sent via US Mail in an official credit union envelope. 
·     You can also visit the FTC (Federal Trade Commission) Web site,
o    Take an interactive quiz to fin out what you know about identity theft, phishing, spam, and online-shopping scams.
o    Find detailed guidance on how to monitor your credit history, use effective passwords and recover from identity theft.

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