Phishing Scams Attacking Credit Unions

The minute you access your account, there's e-mail from a global banking organization exhorting you to insert your private account details immediately or your account will be debarred.

Phishing fraud e-mails are on increasing, clogging inboxes of several individuals. Latest e-mails declare that a "power failure" created a fault in the credit unions' computer, leading to the loss of account details of its members.

Del Norte Credit Union's vice president of marketing, Guy Lisellar maintained that the union would never demand such confidential details from its associates. "Whenever they solicit online private data, it's a fraud," Lisella alleged.

Lisella averred that only a few credit union members have been victimized by the fraud; however the credit union has rectified the problem after communicating with Del Norte to safeguard their fiscal accounts.

President of Cooperative Credit Union, Sean Rathjen has just affirmed that members and nonmembers, both have been getting messages asserting to initiate from myconsumers.org, asking users to revise their accounts by furnishing confidential account data.

"Non-members phoned us regarding it, and that alerted us," stated Rathjen, saying phishers "release a worldwide e-mail hoping that finally they'll trap someone."
Customers have been lost, and they ask that customers follow a link to a Web site to provide the missing information.

Clients of Warren Federal Credit Union have also been the targets of phishing scam. Electronic message to clients of the credit union inform that information of 6,000 existing and previous clients have gone missing, and they request clients to visit a particular site to furnish the lost data. Whereas, in reality, the country's leading credit union hasn't lost any such information.

Moreover, manager for information technology, Steve Salazar asserted that the credit union wouldn't ever solicit such confidential data through e-mail. "We are receiving telephone calls regarding it. We can only alert the public."

Another case of cyber fraud felicitates bank members for receiving $100 for answering a questionnaire on consumer gratification. In reply, applicants are incited to furnish debit card details.

Several fiscal organizations have confronted such frauds and are presently being probe by the FBI.

Related article: Phishing With A Redirector Code

» SPAMfighter News - 10/11/2006