WATCH: Launch Credit Union’s Fraud Manager Speaks on Fraud Trends and Tips

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ABOVE VIDEO: Launch Credit Union’s Fraud Manager, Eveline stopped by the Space Coast Daily TV Studios to speak with Karina Connor to discuss recent fraud trends and tips on how you can protect yourself. Everyone must take steps to protect their information from fraudsters.

BREVARD COUNTY, FLORIDA – Launch Credit Union’s Fraud Manager, Eveline stopped by the Space Coast Daily TV Studios to speak with Karina Connor to discuss recent fraud trends and tips on how you can protect yourself.

Everyone must take steps to protect their information from fraudsters.

Protecting Your Finances: Navigating Fraud Trends with Launch Credit Union

In an era where digital transactions and communications are commonplace, the risk of falling victim to fraud has significantly increased.

Recognizing this, Launch Credit Union’s Fraud Manager recently teamed up with Space Coast Daily to shine a light on the latest fraud trends and offer valuable advice on safeguarding personal and financial information.

Here are some of the key takeaways from their discussion:

1. The Menace of Spoofed Calls

Spoofing involves fraudsters disguising their phone number to appear as if they are calling from a legitimate organization, such as a government entities.

To discern whether a call is legitimate, it’s crucial to remember that most reputable organizations, including government agencies, will not ask for personal information over the phone. If in doubt, hang up and contact the entity directly using a verified number.

2. Responding to Calls from Your Financial Institution

If you receive a call from someone claiming to be from your bank’s fraud department, proceed with caution. Legitimate calls will not request sensitive information such as your password or PIN.

Instead of providing any details, hang up and call the official customer service number of your financial institution to verify the legitimacy of the request.

3. The Dangers of Sharing Digital Banking Credentials

Never share your digital banking credentials, regardless of who is asking. Whether it’s a supposed employer, a new friend, or even a significant other, sharing these details can lead to unauthorized access to your accounts and financial loss.

4. Remote Access Risks

Granting remote access to your computer poses significant risks, especially if the request comes from someone claiming to be from a tech company like Microsoft.

Such requests are often scams aimed at installing malware or stealing personal information. Always refuse remote access requests unless you are absolutely sure of the person’s identity and intentions.

5. Information to Keep Private

To protect your identity, never share sensitive information such as Social Security numbers, bank account details, or login credentials with unsolicited callers or via email.

6. Navigating Email (Phishing) Scams

Be wary of emails that appear to be from legitimate sources asking for personal or financial information, especially if you don’t have an account with them. Verify the authenticity of such requests by contacting the company directly through official channels, not by clicking on any links in the email.

7. The Rise of AI Fraud

With advancements in technology, AI can be used to create highly convincing scam messages or calls. Stay informed about the latest AI fraud techniques and remain skeptical of any communication that asks for personal information or money, regardless of how legitimate it seems.

8. Elder Fraud Awareness

Seniors are particularly vulnerable to fraud. It’s important to educate older family members about the risks and signs of scams, including unsolicited calls, emails and offers that seem too good to be true.

9. Steering Clear of Romance Scams

Romance scams often involve meeting someone online who quickly seeks financial assistance or suggests questionable financial transactions, such as depositing money into a cryptocurrency ATM.

If you find yourself in such a situation, seek advice from a trusted friend or family member before proceeding.

By staying informed and cautious, we can all play a part in protecting ourselves and our loved ones from fraud.

Launch Credit Union is committed to providing the tools and knowledge needed to navigate the complexities of today’s financial landscape safely. For more tips and information, visit Launch Credit Union.

Remember, vigilance is your best defense against fraud. Stay informed, stay skeptical, and stay safe.

For more information on Launch Credit Union, Click Here

For more information about Launch Credit Union, please visit Launchcu.com or call 321-455-9400.

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