Mobile Deposit Capture Scams
Banks are reporting customers being victimized by new money mule scams posted on Facebook. After customers provide their online or mobile banking login credentials, the fraudsters deposit counterfeit checks through mobile remote deposit capture (mobile RDC) service. The customers are then instructed to withdraw the funds, and split the proceeds with the fraudster before the checks are returned. Often times this involves the customer purchasing gift cards to send to the fraudster which cannot be returned or refunded after they have been purchased.
Grandparents Phone Scam in the Madison Area
The Madison Police Department recently sent an alert warning banks that the Madison area has been targeted again by scam artists who are convincing people to send large amounts of money, in multiple payments, in order to help their grandson out of a legal jam. The alert was directed at Madison-area financial institutions, but the reality is that all Wisconsin banks should be aware of the resurgence of the “Grandparent Scam.” Click here for more information.
Equifax Data Breach
Google Docs Email Scam
Be on alert for any emails you get from an unknown sender or even a friend that has a link, attachment or request to open a google doc they sent you. A powerful malware virus is going around emails inboxes asking to open a google doc the sender is sharing with you. When you click to view the google doc it automatically sends the same email out to all of your email contacts.
An alarming figure emerged from FICO that indicated ATM skimming was up 546% when comparing 2014 to 2015. In light of these figures 10-D Security wanted to pass along some tips that can help keep your debit cards out of the hands of counterfeiters.
Visual Check – Always check the ATM device for any physical irregularities. This can be colors that don’t quite match between the rest of the ATM, or on screen graphics that are not properly aligned with buttons. In most cases the card reader and keyboard should be firmly attached. If you can move them easily this is an indication that either a keyboard or card reader overlay has been placed on the ATM.
Location Alert – According to the report 60% of the skimming incidents occurred at non-bank ATMs. Any easy way to help mitigate your risk is only use ATMs that are on Bank property.
EMV Chip Debit – When possible use your EMV chip debit card and compliant ATMs. EMV cards are designed to pass dynamic codes during financial transaction which greatly impacts the difficulty for a counterfeiter.
The Jefferson & Dane County Police Departments have received information that there are possibly ATM Skimmer devices located on unidentified ATMs within Jefferson & Dane County. Before using an ATM please inspect it for any suspicious devices. If a device is located please notify the business immediately.
FDIC Consumer News
Looking for more information on how to combat cyber security. Check out this issue of Consumer News from the FDIC.
Elder Financial Abuse
Currently, the world is undergoing significant demographic changes. Estimates indicate that by 2050, the global population of people above the age of 60 will exceed the number of younger people. These changes have led to a worldwide recognition of the problems and challenges that face the elderly. The elderly are one of the most commonly targeted groups for financial abuse scams. Below are some helpful handouts with tips to avoid common elder financial abuse scams.
IRS Telephone Scam
A telephone scam in which a recorded message warns that the recipient is being sued by the Internal Revenue Service and needs to quickly call a special number to reach the IRS appears to be hitting Wisconsin.
They use fake names and bogus IRS badge numbers. They often leave ‘urgent’ callback requests. They prey on the most vulnerable people, such as the elderly, newly arrived immigrants and those whose first language is not English.
People who receive such calls should hang up and not return the call, officials said. Consumers should never give out personal or financial information on an unsolicited call.
The IRS said it never calls to demand immediate payment, nor does it call about taxes owed without first having mailed out a bill. The IRS never asks for credit or debit card numbers over the phone, and doesn’t require payment via prepaid debit cards.
To look up more current scams in your area use BBB Scam Tracker.