Fraud and scams are dishonest schemes
with the goal to gain money or information from you.
If you want to stay safe from hackers and scammers, always be cautious about unsolicited opportunities. If you didn’t contact them first, there’s a good chance scammers are at the other end. Never give out your personal information and never give money to someone you don’t know.
There is a large amount of fraudulent activity that occurs preying on innocent people. Rhode Island Credit Union will make every attempt to keep you informed and advised of common activity.
It is important to remember to never respond to any email requesting personal information. Fraudulent emails and websites are created to look authentic. Notify us whenever you receive a suspicious e-mail or any unsolicited request for personal information about your accounts.
Fraud tactics include:
- Dumpster Diving. Thieves rummage through trash looking for bills or other paper that includes your personal information.
- Malware. It is designed to harm, attack or take unauthorized control over a computer system. Malware includes viruses, worms and Trojans. It’s important to know that Malware can include a combination of all three of the types noted.
- Phishing. Criminals use replicas of existing web pages to try to deceive you into entering personal, financial or password data. Often suspects use urgency or scare tactics, such as threats to close accounts.
- Vishing. A type of phishing attack using a local phone number in a fake email to obtain your sensitive information. The attacker attempts to legitimize the email by providing a local phone number. The unsuspecting caller is then tricked through an automated phone system to relinquish their sensitive information.
- Smishing or SMS Phishing. SMS Phishing is similar to Phishing and Vishing except that it uses SMS Text Messaging as the delivery medium. The recipient is usually asked to call a number to reactivate an account or debit card. The attacker will usually ask for information needed to reproduce the credit or debit card. They may even ask for a Social Security Number.
- Pharming. Pharming takes place when a valid website address is illegally redirected to a site that is not legitimate. These ‘fake’ websites ask for personal and sensitive information.
- Trojan. A Trojan is malicious code that is disguised or hidden within another program that appears to be safe. The Trojan allows attackers to gain unauthorized access to the computer in order to steal information and cause harm. Trojans commonly spread through email attachments and Internet downloads. A common component is a “keystroke logger” which captures a user’s keystrokes in an attempt to capture the user’s credentials. It will then send those credentials to the attacker.
- Spoofing. When an attacker masquerades as someone else by providing false data. Phishing has become the most common form of website spoofing. Another form of spoofing is URL spoofing. This happens when an attacker exploits bugs in your browser in order to display incorrect URLs. Another form of spoofing is called “man-in-the-middle”. This occurs when an attacker compromises the communication between you and another party on the Internet. Many firewalls can be updated or configured to significantly prevent this type of attack.
- Spyware. Loaded on to your computer, spyware is a type of program that watches what users do and forwards information to someone else. It is most often installed when you download free software on the Internet. Unfortunately hackers discovered this to be an effective means of sending sensitive information over the Internet. Attackers use the existing spyware from free applications on your computer for malicious means.
- Virus. A computer virus is a malicious program that attaches itself to and infects other software applications and files. Viruses can carry a “payload,” executable scripts designed to damage, delete or steal information from a computer.