CUs Alert Members on Mobile Scam
Two credit unions have posted messages on their Web sites alerting members to be wary of a mobile banking application distributed on mobile phone platforms.
Bayport Credit Union, Newport News, Va., and First Technology Credit Union of Portland, Ore., posted notices warning members about a mobile banking application that had appeared on the Android Marketplace, part of the Android mobile phone platform. Android is an subsidiary of Google.
Both credit unions noted that Google has since removed the applications, which they characterized as a means of phishing or fraudulently acquiring members financial information from the platform. Both banks and credit unions appeared to have been targeted in the fraud attempt.