X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALEXANDRIA, Va. – NCUA has issued a Letter to Credit Unions (04-CU-05) warning of a recent rash of fraudulent e-mails being distributed in the name of federal regulatory agencies. The letter notes that Treasury recently issued a press release on the matter. The false e-mails are sent out in an attempt to deceive consumers into providing personal financial information. “Fraudulent e-mails, which may appear to be from government agencies, direct recipients, such as credit union members, to Web sites where they are asked to verify personal information such as name, account and credit card numbers, passwords, social security numbers and other information,” NCUA’s letter explained. “These Web sites often appear to be very similar to official government sites; however, they are not authentic official sites and are intended only to steal the member’s information.” It added that federal agencies never use e-mail to communicate regarding sensitive information. NCUA Public Affairs Specialist Cherie Umbel told Credit Union Times there is no technology available to prevent “spoofing” Web sites, but that credit unions and others should check for Web site “spoofs.” In related news, the Federal Deposit Insurance Corp. recently had their logo copied and sent on e-mails “phishing” for personal information. Though NCUA has not been hit by this scam, according to Umbel, the agency’s Examination and Insurance department said, “Individuals need to be made aware that this is happening.” E&I suggested that consumers double check the source of the information requests by calling the known contact number of the agency or institution. “Phishing” is a high-tech scam in which e-mails are distributed to consumers claiming legitimacy under the cloak of a real company or agency in order to obtain non-public personal information. [email protected]

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.