Skip to content

Blog

Posts Tagged ‘victim’

Don’t be bamboozled

fish hook and money

As fraudsters enjoy more success and scams become more prolific, the likelihood of any one person getting duped is going up. And it isn’t just the elders that are being scammed. The Federal Trade Commission said that consumers reported losing a total of nearly $488 million to all types of imposter scams in 2018—more than…

Read More

Don’t fall victim to online shopping fraud

mobile phone & credit card

It’s holiday shopping time.  If you are like the majority of Americans, you will do at least some of it online. According to study conducted by the company BigCommerce, 96% of Americans have made an online purchase at some point in their lives, and a full 51% of us prefer online shopping over in-store. With…

Read More

Elder Financial Exploitation

elderly woman on phone

To con artists, down-on-their-luck relatives, or opportunistic acquaintances, they are gold mines. Individuals over the age of 50 control 70% of the country’s wealth, and seniors between the ages of 65 and 74, with an average net worth of $1.06 million, have more assets than any other age group. They are also susceptible to elder…

Read More

Watch out for tech support scams

tech support scam

Although tech support scams have been around for a while, every year they get more sophisticated. Tech support scams target people of all ages, including those that consider themselves tech-savvy.  In fact, a study from Microsoft concluded that millennials are falling for tech support scams at a higher rate than older people. These types of scams…

Read More

How not to be a victim of fraud

Phishing illustration

Always remember, White Sands FCU (and any other financial institution) will never call you and ask for your account number, card number (including the CVV code on the back!), birthdate, social security number, or any other secure and sensitive information.  If a business, or individual contacts you and asks for this kind of information –do…

Read More