Reporting
If you suspect that your account has been compromised or experience security-related events, please contact us immediately at 614-836-0100 or out of area at 800-241-4575. A Member Service Representative will get your call to the person responsible for handling your situation.
FirstCU Online Security
FirstCU Online Security
Multi-factor authentication and layered security are helping assure safer transactions for you and our members. Help us to protect you. You may be asked to provide answers to three CHALLENGE QUESTIONS when signing on to FirstCU Online Account Access. If you access your online account from another computer than where you originally signed-on (for some members this could be work or a public computer), you will be prompted to answer one of your challenge questions. This is for your safety, so that we authenticate that the person signing into your account is actually you. This is a multi-factor level of security authorization in addition to your User ID and your Password for your account security. We thank you for your attention to this request.
Guidance for Online Protection
Online Security is a Top Priority for you and for your credit union. If you use online or mobile account access, you will be interested to know what we do to protect you and what you can do to help.
Security Factors
Online security begins with the authentication process, used to confirm that it is you and not someone else who is accessing your account. Authentication generally involves one or more basic factors:
- Something that the user knows (such as a password or PIN)
- Something that the user has (such as your ATM or debit card)
- Something that the user is (such as a fingerprint)
Single factor authentication uses one of these methods; multi-factor authentication uses more than one and is considered a stronger fraud deterrent. For example, when you use your ATM card, you are utilizing multi-factor authentication: factor one is something that you have which is your card and factor two is something that you know which is your PIN.
Layered Security
To assure your continued security online, your credit union uses both single and multi-factor authentication, and additional "layered security" measures as appropriate. Layered security is characterized by the use of different controls at different points in a transaction process so that a weakness in one control is generally compensated for by the strength in another. One example of this would be that you follow one process to log in (user and password) and then give additional information if there is any question about this authentication and to authorize funds transfers.
The purpose of these layers is to allow your credit union to authenticate members and detect and respond to suspicious activity related to initial login, and then to reconfirm this authentication when further transactions involve the transfer of funds to other parties.
Internal Assessments
First Service has conducted a comprehensive risk-assessment of its current methods as recommended in the Federal Financial Institutions Examination Council's supervisory guidance. These risk assessments consider, for example:
- Changes in the internal and external threat environment
- Changes in the member base adopting electronic banking
- Changes in the member functionality offered through electronic banking
- Actual incidents of security breaches, identity theft, or fraud
Whenever an increased risk to your transaction security may warrant, your credit union will be able to conduct additional verification procedures or layers of control, which may include: utilizing call back voice verification, employing member verification procedures, analyzing banking transactions to identify suspicious patterns, and establishing dollar limits that require manual intervention.
Reg E Protections
Credit unions follow specific rules for electronic transactions that are issued by the Federal Reserve Board, known as Regulation E which cover different situations revolving around transfers made electronically. Under the consumer protections provided under Reg E, you can recover Internet banking losses according to how soon you detect and report them. Here is what the federal rules require: if you report the losses within two days of receiving your statement, you can be liable for the first $50; after two days, the amount increases to $500 and after 60 days you can be legally liable for the full amount. These protections can be modified by state law or by internal reporting policies at your credit union so be sure to ask your credit union how these protections apply to your particular situation.
First Line of Defense is You
Understanding the risks and knowing how fraudsters might trick you is a critical step in protecting yourself online. You can make your computer safer by installing and updating your:
- Anti-virus software
- Anti-malware programs
- Firewalls
- Operating system patches and updates
How to Spot and Avoid ATM Card Skimmers
Source: FBI.gov
4 Ways to Spot a Skimmer:
- Use your eyes. Check out the card reader very carefully. Do the numbers on the PIN pad look raised? Do they look newer or bigger than the rest of the machine? Does anything look like it doesn’t belong?
- Use your fingers. Feel the card reader before sliding your card into the slot. Do the keys feel raised? Is it difficult to insert your card? These are both red flags that the card reader may have been fitted with a skimming device.
- Hidden cameras are used in conjunction with the skimmer to make a video of your PIN number. The camera may be placed in a number of locations: on the ATM itself (near the keypad, above the screen, etc.) or nearby. Sometimes they’re so small they can be hidden in a tiny opening on the ATM.
- Watch for discrepancies in the shape, material, color, or contours of the ATM. If you notice slashes, cracks, scratches, and other signs of mechanical damage to the ATM, find another ATM location to use.
12 WAYS TO PRACTICE SAFE ATM TRANSACTIONS
1. Look for recent device modifications – bulky keypads, electrical tape, fresh glue, unworn plastic, etc. These can be signs of a PIN capture device being used.
2. Check for cameras – tiny pinholes provide clear views of the keypad and are a prime target for recording PINs. Security cameras designed for safety are obvious and usually mounted further away.
3. Cover the PIN pad with your other hand to keep your transaction safe from prying eyes.
4. Look for people sitting nearby who are using laptops, hand-held computers or cellphones. If they’re sitting there for more than a few minutes, they may be eavesdropping using the device.
5. Do not share your PIN with anyone you don’t want using your card (and that should be a very small circle). If you write down your PIN, keep it in a secure location away from the card. Don’t carry it in your wallet or record it in your phone.
6. Only use ATMs in well-lit, public spaces. Prefer those that offer drive-up service and don’t have buildings or heavy foot traffic nearby.
7. If you have trouble with an ATM, go to the nearest bank branch or use another ATM. Do not let strangers “help” you with the transaction.
8. Avoid ATMs in tourist hotspots like shopping malls – these high traffic areas make it easier for thieves to work.
9. Monitor your checking account statement regularly for suspicious or unknown charges.
10. Report any unusual account activity to your credit union right away.
11. Remember that POS terminals, gas station consoles and other payment locations are just as vulnerable as standalone ATMs.
12. Whenever possible, process your debit card transaction as a “credit” transaction so you will be prompted to sign for it rather than enter a PIN that can be seen by the next person in line.
Fraud Alerts
FRAUD ALERTS
The purpose of fraud is to get the consumer to provide confidential information, such as account numbers, passwords and social security numbers. The perpetrator then uses this information to gain access to an individual’s bank and credit card accounts.
Call us at (614) 836-0100 (local) or 1-800-241-4575 (out-of-area) if you need assistance or think your First Service account has been compromised. A Member Service Representative will get you to the person responsible for handling your concern.
Beware of Unsolicited Contacts By Phone, Text or E-mail.
- Never release personal or account information to unsolicited e-mail, telephone calls or text messages.
- Keep your checks, plastic cards, and personal identification number(s) secure.
- Do not wire funds to unknown contacts.
- Sign up for online account access at FirstCU Online.
Be Safe With These Tips:
- Beware of e-Mails (phishing)
- Impostors can create fake web sites - down to the logo. If you get an e-mail that asks you to go to a web site and input personal details, ignore it! No bank, credit card company or your credit union will send an e-mail asking for this information.
- Do not open e-mails, click on embedded links or open attachments from unknown senders. First Service will not contact you for personal information, or to verify information, by e-mail.
- You can make your computer safer by installing and updating regularly your anti-virus software, anti-malware programs, firewalls, and operating system patches and updates.
- Impostors can create fake web sites - down to the logo. If you get an e-mail that asks you to go to a web site and input personal details, ignore it! No bank, credit card company or your credit union will send an e-mail asking for this information.
- Watch Your Mail
- Thieves can nab your statement, a credit card bill or other valuable information and change the address hoping you won't notice. Statements arrive on a regular cycle; if yours doesn't arrive, let the company know. We provide free online e-Statements to help protect our members from mail fraud.
- Thieves can nab your statement, a credit card bill or other valuable information and change the address hoping you won't notice. Statements arrive on a regular cycle; if yours doesn't arrive, let the company know. We provide free online e-Statements to help protect our members from mail fraud.
- Guard Your Social Security Number
- A zillion places will request your social security number, but you don't have to tell them. Who is entitled to know? Your employer, the DMV, your credit union or bank and the IRS.
- A zillion places will request your social security number, but you don't have to tell them. Who is entitled to know? Your employer, the DMV, your credit union or bank and the IRS.
- Cell Phones & Text Messages
- Do not respond to cell phone text messages from unknown sources. Thieves will send out text messages looking for personal information.
Report any suspicious scams, telephone numbers or e-mail addresses to your local or federal law enforcement agencies and the FTC at https://www.ftccomplaintassistant.gov.
Even though card security may contact you to verify a specific transaction you have made, you will not be asked by phone, text or e-mail for your account information, card information, your personal identification number (PIN) or your social security number. Visa and First Service have this information on file. If you receive such a call, text or e-mail, call the business direct at their published number to verify the call. For First Service accounts, dial local 614-836-0100 or long distance 1-800-241-4578 for a Member Service Representative.
Examples of RECENT SCAMS:
- The FBI issued an alert about a new scam. This is an email you receive which threatens to make public all your private personal information, unless you pay a ransom in an electronic currency called Bitcoin. It is easy to get intimidated by threats like this, and you might be pushed into trying to prevent possible negative consequences. However, do not fall for pressure tactics like this, because if you do, your data will be sold to other scammers who will continue to haunt you. If you receive email extortion demands, do not answer, and do not pay anything. Report this scam to the FBI's Internet Crime Complaint Center (IC3) at http://www.ic3.gov/default.aspx. Remember... Always Think Before You Click!
- Here is a recent VISA scam, but this could be from another provider as well. The call has the appearance of being from VISA Security and Fraud Department. The difference with this Scam from others is that the caller has most of the information, which they provide to the Cardholder (instead of asking for information), and then they ask you to verify that the card is in your possession. To verify this, the caller will ask you to provide the numbers from the back of your card. That is the "missing piece of information" that the caller needs to use the card fraudulently. DO NOT PROVIDE THE CARD NUMBERS from the back of your card! Instead, tell them you'll call VISA directly for verification of the conversation and HANG UP!
- A Member reported an "advertisement" on the First Service web site. We DO NOT sell ad space on our web site. This is a virus from a program on your computer and is not embedded in our site. DO NOT RESPOND to the ad.
- Advertisements have been posted on Craigslist as part of member recruitment scams nationwide. The ads solicit current credit union members and offer $75.00 or more for their assistance in gaining membership for ineligible individuals. This Is a SCAM targeting credit unions and members across the country!
- An IRS scam asks you to respond to them concerning your last tax return. This is fraud. DO NOT REPLY. The IRS will not ask you to verify information by e-mail or text.
- If you are contacted and asked to provide credit union account information to verify your home or auto insurance, DO NOT REPLY! Instead, call your insurance agent at their direct number.
Legitimate Card Protection Service
BEWARE! Even though a Card Protection Service may call, a legitimate service representative will only ask you to verify a specific transaction. They will never ask you to provide personal, account, or card information. If this is your credit union or Visa or MasterCard security, they already have this information.
Safety Tip: Remember, if something seems too good to be true, it probably is.
Review Credit Reports at Least Once a Year.
This will help you ensure fraudulent accounts have not been opened using your personal information. Additionally, the Fair Credit Reporting Act entitles consumers to a free credit report once a year from each of the three nationwide credit reporting agencies. Members can receive their report by contacting the credit reporting agencies directly or by visiting www.annualcreditreport.com.
This will help you ensure fraudulent accounts have not been opened using your personal information. Additionally, the Fair Credit Reporting Act entitles consumers to a free credit report once a year from each of the three nationwide credit reporting agencies. Members can receive their report by contacting the credit reporting agencies directly or by visiting www.annualcreditreport.com.
Monitor Financial Statements and Online Banking Regularly.
Get into the routine of regularly checking your statements, reviewing your account transactions, and online activities. This will help identify unauthorized account activities early, preventing potential losses to your personal accounts.
Get into the routine of regularly checking your statements, reviewing your account transactions, and online activities. This will help identify unauthorized account activities early, preventing potential losses to your personal accounts.
Ensure Children Understand What Information to Provide Online.
Fraudsters will often use a game or a free offer that will request personal information, or will include spy ware to track and steal information from your computer or mobile device. Parents can protect themselves by encouraging their children to limit online contact to friends they actually know, setting privacy controls to restrict access to private information, and enabling parental controls that allow access to only trusted sites. Talk to your children about not giving out their name, address, date of birth, or any other personal information online without talking to a parent or trusted adult first.
Fraudsters will often use a game or a free offer that will request personal information, or will include spy ware to track and steal information from your computer or mobile device. Parents can protect themselves by encouraging their children to limit online contact to friends they actually know, setting privacy controls to restrict access to private information, and enabling parental controls that allow access to only trusted sites. Talk to your children about not giving out their name, address, date of birth, or any other personal information online without talking to a parent or trusted adult first.
Beware of Downloading Sneaky Apps.
Smart phone or social networking applications may provide application developers with access to your personal information, such as messages, contacts, e-mails and photos. Often, this information isn't related to the application's purpose. Instead developers may share member's information with marketers or other third parties. Consumers should read the privacy policy of each application before downloading to understand what private information they are sharing.
Smart phone or social networking applications may provide application developers with access to your personal information, such as messages, contacts, e-mails and photos. Often, this information isn't related to the application's purpose. Instead developers may share member's information with marketers or other third parties. Consumers should read the privacy policy of each application before downloading to understand what private information they are sharing.
Shred Documents with Personal and Financial Information.
Financial statements, credit card offers and billing statements are examples of documents that should be shredded.
Financial statements, credit card offers and billing statements are examples of documents that should be shredded.
Look Out for Scams Involving Social Engineering.
Fraudsters may impersonate a credit union (or other legitimate organizations) to trick consumers into giving out personal account information. This social engineering tactic is often utilized as part of an elaborate scheme involving phone calls, emails, text messages and other forms of communication. First Service will not ask you to verify account information by text, e-mail or pop-up messages. We will not ask you for sensitive information over unsecured communication channels.
Fraudsters may impersonate a credit union (or other legitimate organizations) to trick consumers into giving out personal account information. This social engineering tactic is often utilized as part of an elaborate scheme involving phone calls, emails, text messages and other forms of communication. First Service will not ask you to verify account information by text, e-mail or pop-up messages. We will not ask you for sensitive information over unsecured communication channels.
Helpful Websites
Here are some other helpful sites where you can learn more about online safety and security. The Federal Trade Commission, the nation’s consumer protection agency, has information to help consumers, businesses, and law enforcement officials safeguard personal information and to take action if an identity theft occurs.
www.ftc.gov/idtheft is a one-stop national resource to learn about the crime of identity theft. Consumers can learn how to avoid identity theft – and what to do if their identity is stolen. Businesses can learn to help their customers deal with identity theft and prevent problems in the first place. Law enforcement officials will find resources that help victims of identity theft.
www.YouTube.com/FTCVideos has short educational videos that help consumers learn more about identity theft, phishing, reducing spam, and protecting their computers against unwanted intrusions.
www.ftc.gov/freereports offers details about a consumer’s right to get a free copy of his or her credit report from each of the three national credit reporting companies, upon request, once every 12 months. Reviewing your credit report regularly is an effective way to deter and detect identity theft.
www.staysafeonline.com offers details about the dangers of cyber crime and how to protect yourself and your family.
www.mycreditunion.gov get advice and tips from consumer protection experts on keeping your money safe and making smart financial decisions.
U.S. Patriot Act
U.S. Patriot Act
The US Patriot Act is designed to help protect you, your family and our country from terrorism by providing appropriate tools to intercept and obstruct terrorist acts. In compliance with this law, First Service verifies the identity of members (as well as prospective members opening an account and non-members doing business with us) by requiring specific documents be kept on file. These documents are required for all new accounts, for existing members who are adding an additional account, when adding a signatory to an account, when executing loan documents and for all persons doing business on an account with us. We thank you for your understanding as we comply with these efforts to help maintain the security of our country.
Patriot Act Notification: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account or do business with us, we will ask your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Federal Law: Unlawful Internet Gambling Enforcement Act
The Unlawful Internet Gambling Enforcement Act of 2006 and implementing regulations prohibit commercial members from receiving deposit or other credits of any kind relating to their operation of an illegal Internet gambling business. Under the Act, any person engaged in the business of betting or wagering (as defined by the statute) is prohibited from completing "restricted transactions," or knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling.
The Unlawful Internet Gambling Enforcement Act of 2006 and implementing regulations prohibit commercial members from receiving deposit or other credits of any kind relating to their operation of an illegal Internet gambling business. Under the Act, any person engaged in the business of betting or wagering (as defined by the statute) is prohibited from completing "restricted transactions," or knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling.
First Service Federal Credit Union is required to enforce that prohibition. It is the Policy of First Service Federal Credit Union not to open or maintain any account for commercial members held with the intent to conduct or engage in Internet gambling activity, whether legal or illegal. If the credit union discovers or determines that an existing commercial member transacts or engages in Internet gambling activity as defined by the UIGEA, the credit union reserves the right to restrict services or terminate the account relationship.
This CREDIT UNION IS FEDERALLY INSURED BY THE NATIONAL CREDIT UNION ADMINISTRATION.
Your federal savings insurance coverage at First Service has increased to $250,000. Funds in your Individual Retirement Account are insured separate from and in addition to the $250,000 general share insurance rules.
Your federal savings insurance coverage at First Service has increased to $250,000. Funds in your Individual Retirement Account are insured separate from and in addition to the $250,000 general share insurance rules.
For additional information on your account insurance coverage, please call First Service at 614/836-0100, the NCUA Insurance Call Center at 1-800-755-1030, ext. 1 or visit www.ncua.gov/shareinsurance/index.htm where you will also find an easy e-Calculator to calculate your insurance coverage.
Bauer Financial Services has given First Service a 5-STAR rating for Safety and Soundness. Learn more about their ratings.
Security Guidance to avoid scams
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Important Information You Should Know
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take control of your cards
First Service offers a free 1stCU Visa App to help keep your cards safe. With this app, you will receive a transaction notification when your card is used, which gives you the added safety of turning your card off if you suspect fraudulent transaction activity or if your card is lost or stolen.
In addition to the VISA App, we encourage you to know your surroundings!
Look at the machine you are using for a skimming device.
This device is an insert on a machine where you slide or insert your card. If this area is not flat on the machine, do not insert your card.
Look at the machine you are using for a skimming device.
This device is an insert on a machine where you slide or insert your card. If this area is not flat on the machine, do not insert your card.
Only use outside machines, that are in well-lit areas where the machine is clearly visible.
Please, Be Safe! More information for your safety can be found in articles above which includes additional information on ATM card skimmers.
be aware of these Common Scams
Don’t Fall for these Common Scams
Be aware of these latest common scams to protect your money and personal information from potential scammers. If you are contacted and spot one of these scam tactics and it involves your credit union account, call us immediately at 614-836-0100 locally or 800-241-4575 for out of area. If you feel your credit or debit card has been compromised, report it to the loss prevention number on the back of your card.
Gift card scams
Scammers will contact you pretending to be someone they are not such as a company, financial institution, or government agency that you may owe. They will raise an urgent and immediate demand for payment to convince you to pay with a gift card (and even cash) or face legal action. By creating a false sense of urgency, they pressure you into buying gift cards and sharing the numbers on the back.
Helpful Tip: Businesses and government agencies will never ask you to pay with gift cards. Never give the number on the back of a gift card to anyone you don’t know.
Payment scams
Be wary if you are urged to make a purchase with the promise of compensation, or if someone offers to make a payment for you or provides you with their bank account info with which to make a payment. If something sounds too good to be true, it generally is. If you use a payment method you are not familiar with, you run the risk of ultimately being held responsible for the amount paid.
Helpful Tip: If there is an urgency to the payment method (such as a wire payment) it is even more likely to be a scam.
Tech support scams
"Tech support" will call and claim your computer has malware and requests payment to fix the defects or request access to your computer to fix. If you get such a call, hang up! This is a scam.
Helpful Tip: Do not give your computer information to an unknown caller, you run the risk of them taking over control of your computer and your credit union account.
Employment scams
Be vigilant in validating employment opportunities. If you are contacted about a new job, never divulge personal information online to an unsolicited, unknown source. Instead, call the personnel department on a listed number for any company that you believe may legitimately have an employment opportunity for you. Also be suspicious if someone claims to have overpaid you for a job, promises to reimburse you for equipment, or asks you to send equipment to an IT dept. The equipment may never be returned, and reimbursements or overpayments may be illegitimate, leaving you liable for the funds.
Impersonation scams
Scammers often pose as a legitimate company or as a utility company and request personal information or a payment transfer in order to make things "right" on your account. They might also use a fake caller ID that could show up as a legit company's number and/ or request remote access to your device. A scammer posing as a representative from a utility company might warn you to pay your balance within a limited time or else the utility will be shut off. They promote an urgency to the call which is a warning that this is a scam.
Helpful Tip: Instead, pull out a statement or look online and find a number to contact the company direct.
QR code scams
It is safer to only scan QR codes for sources and companies that are familiar to you. Scammers may have 3rd party QR code scanner apps and/or ads within their apps that direct users to fake or malicious websites designed to obtain your personal information.
Helpful Tip: Know who you are contacting to stay safe.
Fake websites
Legitimate-looking websites can be created by scammers, and a quick Google search will lead you to a real-looking phone number that is actually bogus. When you call, they’ll try to obtain your sign-in details such as your password or other confidential information.
Helpful Tip: Always verify phone numbers to contact through your own personal sources, such as published numbers and never disclose your username or passwords to others.
Overpayment scams
This scam is becoming more common. You are selling an item and receive an overpayment for an item you’re selling, immediately followed by a request to deposit the check (which turns out to be a bad check) and then send the difference via a wire or gift card. You are then out your hard-earned money because the check you received is worthless.
Helpful Tip: Do not send money or gift cards at the request of someone you do not know.
Check cashing
You’re approached outside your credit union branch or any financial office and asked to cash a check for someone who claims they don’t have an account or left their ID at home. You will be responsible for their bad check deposited against your account when it doesn’t clear. If the check was involved in a crime, it could also implicate you.
Helpful Tip: Do not provide check cashing services for others.
Charity scams
You receive a request to donate to a charity that you've never heard of and for which you can’t find an official website. There is an urgency to the donation – they need it for something immediately.
Helpful Tip: Only make donations to charities that you have knowledge of and never feel pressured to act immediately. The FTC.Gov provides guidance to help you donate wisely.
Debt relief
You receive a request for payment in order to establish a service relationship to pay, settle or get rid of debt you have already established. Do not reply to this request. Legitimate companies will not ask for payment in a gift card.
Helpful Tip: Only work with your known sources for payments or settlements.
IRS scams
Scam artists are pretending to be IRS officials to get your money. They'll call, email, or text you claiming you owe back taxes or there's a problem with your tax return. They even rig caller ID to make their call look official. They play on your fears and establish an urgency for you to respond. The IRS will not contact you in a call, email or text for payment and they will not ask for payment with a gift card or cash.
Helpful Tips: If you are unsure of any IRS correspondence you receive for payment, then get in touch with your local IRS office through their published number.
Investment scams
You receive a request to invest in a business opportunity with promises of high returns and/or getting-rich-quick. “Getting rich quickly or double-your-money” is an unrealistic financial promise. Question any appealing investment offers that guarantee you huge returns.
Helpful Tip: Before spending any money, look up the business at trustworthy resources to verify their legitimacy and work through investors and financial consultants that you contact through regular channels.
Lottery scams
You receive a request to prepay fees or taxes in order to receive a large prize you supposedly won. This is a scam! Don’t reply.
Grandparent scam
You receive a call or text message from someone claiming to be a grandchild or loved one asking for money to help with an emergency, plus instructions on where to send the funds. Their voice may have even been duplicated. Do not respond.
Helpful Tip: Call the police immediately to file a report.
Puppy scam
Scammers post fake litters online or pretend to be someone they're not (usually an existing breeder) to take advantage of puppy sales (sans the puppies.)
Helpful Tip: Buy only from known breeders or established kennels, persons you know or referrals from friends and family.
Online Shopping Marketplace Scams
Online shoppers can be deceived by scammers setting up fake websites or social media ads to offer attention-grabbing deals. When responding to ads or interacting in marketplaces on social media, research sellers and products independently to ensure legitimacy. Notice the red flags like a high-ticket item for a price too-good-to-be-true or someone asking for personal information or being redirected to an unfamiliar/strange looking URL. Look at the number of successful sales in a merchant or dealer's reviews.
Helpful Tip: Always check ratings, reviews and other listings about a business or person to verify their trustworthiness and authenticity. Beware of deals that sound too good to be true, especially when found on lesser-known or newer sites. Never send deposits to hold items before confirming they’re real.
Cryptocurrency scams
Scammers can impersonate new or established businesses offering fraudulent crypto coins or tokens with promises of high returns. They might create click social media ads, news articles, or websites and trick new investors into buying. These fake investment opportunities may require high up-front fees that supposedly get invested in crypto, but actually go directly into the scammer’s pocket.
Helpful tip: Question any appealing investment offers that guarantee huge returns. Before sending any money, look up the business at trustworthy resources online to verify legitimacy.
Mortgage closing
You receive an email or text message that looks similar to your real estate agent’s contact info that indicates there is a last-minute change to the wiring instructions on a mortgage closing, telling you to wire closing costs to a different account. Do not wire any funds without contacting your agent immediately at the number they have provided you previously.
