Educated Credit Union Members Play Important Role in Cyber Security

ALEXANDRIA, Va. (Jan. 7, 2015) – Credit unions have a new resource to educate their members about frauds, scams and cyber threats with the release today by the National Credit Union Administration of a two-part video on how to recognize, avoid and report cyber fraud.

"We all must contribute to protecting the broader credit union system," NCUA Board Chairman Debbie Matz said. "Ongoing member education on topics such as detecting, avoiding and preventing fraud not only protects a credit union's reputation, but it also helps members maintain their financial well-being. I encourage all credit unions to use these new videos when educating their members about protecting their finances and fighting cybercrime."

More information available on the NCUA's YouTube channel, the videos are part of NCUA's Consumer Report series developed by the Office of Consumer Protection.

NCUA Consumer Report: Frauds, Scams and Cyberthreats - Part I

NCUA Consumer Report: Frauds, Scams and Cyberthreats - Part II

Published in News
Friday, 17 October 2014 11:31

Text Message Phone Scams

TextMessageThe purpose of this fraud alert is to inform you of a scam that involves unsolicited text messages sent to cell phones. The message urges the recipient to call a number provided for information about account discrepancies and then solicits individual account information and pin numbers.

Cell phone users should be wary of unsolicited text messages. Such messages should be deleted and all deleted text messages should be removed, if possible, as the perpetrators have been known to use Spyware* in conjunction with their text message solicitation.

As a credit union member, you need to be informed of these types of scams. Such a scam could be used to obtain personally identifiable information and credit union account access information, for those who access their accounts using their cell phones.

Wasatch Peaks Credit Union will never contact you via mail, email, phone, or text to verify your account information, because we already have your information.

‚Äč*Spyware is software installed on your computer or cell phone without your consent and it monitors or controls your use of the device. It may be used in your cell phone for such things as monitoring your Internet surfing, activating your speaker phone as a listening device, taking pictures with your phone camera, copying your contacts, or recording your keystrokes, which, in turn, could lead to identity theft.

 

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