Fraud Information & Resources

Fraud is on the rise, and criminals are continually looking for new ways to trick consumers. Here are some schemes and prevention-tips to help you and your family.

General Fraud Tactics To Watch Out For:

• Requests to pay any debts or make gifts to unknown parties using gift cards, cryptocurrency, ACH transfers, or wire transfers. This is especially popular in romance scams. Learn more about protecting yourself from the latest Cryptocurrency Scams here.
• Email links to websites/social media sites supposedly providing information on the virus
• Phishing emails requesting you to verify your personal information to process a stimulus payment
• Phishing emails soliciting charitable contributions
• Phishing emails soliciting crowdfunding. Crowdfunding is the practice of funding a project (like maybe a vaccine or treatment, or sewing masks at home, or building ventilators) by raising small amounts of money from a large number of people, typically via the Internet
• Phishing emails/website/social media sites soliciting assistance in obtaining airline refunds
• Unemployment claim for someone still employed with the organization
• Unemployment claim for someone who has never worked for the organization
• Unemployment claim for a previous employee, who has no valid claim now
• Filing income tax returns in someone else’s name
• Intercepting U.S. mail seeking to obtain personal information
• Fraudsters applying for loans/receiving loans with your existing creditors in your name and redirecting the funds elsewhere
• Fraudsters attempting to “validate” banking information such as routing and account numbers by posing as the account holder
• Fraudsters submitting a change of address on a members account, then applying for a loan and having funds directed to the new address
• Fraudsters posing as title companies, requesting wire transfers of down payments and closing costs for a mortgage that doesn’t exist
• Fraudsters impersonating a financial institution representative through email, text, or phone in order to obtain personal data or account access. Remember, if BHCSCU calls you, we will not ask for personal information.
• Scammers creating fake websites that are found by members using a search engine such as Google Chrome or Internet Explorer. When you click on the site, you enter your credentials and they are captured by the fraudster. Look closely at the URL address for minor variations. For instance, our website is “www.bhcscu.com” and a fraudster might make the address “www.bhccu.com” or some other unnoticeable change.
• Requests to download apps to your computer or mobile devices to “fix” issues or update software. The app allows remote access to your device and may allow the fraudster to obtain your login credentials to your financial institution or other accounts where personal data may be stored.
• Requests to disclose a verification code sent to a mobile device that you did not request

This is a greatly abbreviated list of common fraud tricks. For additional types of fraud, visit our additional resources and information links below.

Tips to Avoid Becoming the Victim of Fraudsters:

Additional Resources: 

•  Consumer Financial Protection Bureau, Fraud Types
•  Consumer Financial Protection Bureau, Identity Theft
•  The Better Business Bureau: Tips to avoid scams

Resources for Reporting Fraud: 

• Federal Bureau of Investigations (FBI) Tip Lines
• Federal Bureau of Investigations (FBI) Local Field Office
• Federal Bureau of Investigations (FBI) Internet / Cybercrime

Credit Union Resources: 

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