May 23, 2008
In today’s electronic age, thieves are using that technology in an attempt at scamming money from unsuspecting consumers.
Our podcast talks about some common scams, how they work and what you can do to prevent them.
To listen to the podcast, click the play button in the blog podcast player, or right click the link and save the MP3 version to play later.
Online Safety Podcast
For other podcasts from First New York FCU, check out the podcasts section of this blog.
January 11, 2008
As long as checks have been around as a form of payment, crooks have been using them to swindle people. Some fraud schemes have been around for years—and still are going strong—while others have evolved with technology, particularly with the advent of the Internet.
First New York Federal Credit Union, offers these tips for preventing check fraud:
* Store your checks, deposit slips, account statements and canceled checks in a secure, locked location. Unless needed for tax purposes, cross-cut shred canceled checks and statements.
* Don’t carry your checkbook with you unless you need it.
* Reconcile your bank statement promptly so you can detect any irregularities and report them within required time limits. Otherwise, you may become liable for any losses due to check fraud.
* If you have online banking, monitor your account every few days to detect fraud sooner.
* Don’t mail bills from your unlocked mailbox. Take them to the post office.
* Don’t have your Social Security, driver’s license, or telephone numbers printed on your checks.
* When you write a check, don’t leave blank spaces on the payee and amount lines.
* Use gel pens which resist check washing.
* Never endorse a check until you’re ready to cash or deposit it.
Be smart – be safe!
October 3, 2007
Since the beginning of time, people have been trying to trick other people. Whether it was for animal pelts, whiskey or money, people are always looking to gain an advantage.
However, when the advantage turns to criminal activity, and people are conned out of money – that’s a problem!
Scams take many forms, but one of the newest scams that is making the rounds works like this. You get an e-mail or click on a link that promises money for working at home. So far, it sounds OK.
You sign up and get sent a money order to prepay you for the work that you will be doing, and are asked to wire back money for software that you will need. That’s when the problems start.
First – the money order that you receive may look OK, but it will be counterfeit and when you deposit or cash the check, it will be returned.
Second – you will be responsible to pay back the financial institution for the returned counterfeit check amount.
Third – the money you wired will be lost to a crook!
The bottom line is use caution whenever you receive a check when you should not. Or, if you receive a check for more than you expect and are asked to wire money back.
The lottery scam, auction scam, secret shopper scam and the other variations have been around for years in one form or another. Don’t be the next victim. If it’s sounds to good to be true – it usually is!!!