Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUNA notes phishing peaks and valleys in article
MADISON, Wis. (9/10/08)--Credit unions and banks have seen an increase in the number of fraudulent phone calls, text messages and e-mail phishing scams, the Credit Union National Association (CUNA) told the Utica, N.Y. Observer-Dispatch (Sept. 7). Nationwide, phishing is kind of happening in peaks and valleys, but it is prevalent," said Dorothy Steffens, vice president of Web services at CUNA, in an article entitled "Consumer warning: 'Phishing' for your financial information." She noted some periods where phishing is higher, "such as tax time, when there are a lot more fraudulent e-mails trying to get people to click on a link." Scams also begin when college students return to school and use their credit and debit cards, she said. Consumers, when contacted by the scammers, tend to believe they are being contacted by a reliable source and they begin offering their personal data, she added. Phishing has been around for nearly four years, and con artists have moved from e-mail phishing to voice-mail "vishing, Steffens said. She provided tips for consumers to guard their information. To review them, use the resource link.
Other Resources

RSS print
News Now LiveWire
Expanded ATM services at branches attractive to members: @CFIGroup. See #NewsNow Friday
12 hours ago
#FinCEN imposes civil money penalty against NJ's BPI money services co. for #BSA violations http://t.co/WnDzOcxdOZ
14 hours ago
.@ABCULCUs give hat tip to America's #100MM #creditunion milestone http://t.co/q8yo6Lx3LM
15 hours ago
The @CFPB has announced new Credit Union Advisory Council members, as well as other senior leaders, advisory board and council members.
16 hours ago
GDP expanded 4.2% on an annualized basis in 2Q according to Bureau of Economic Analysis
16 hours ago