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Phishing Scam Attacks the Members of Credit Union

Members of the credit union are being cautioned against a new phishing scam with the same criminal intent by Attorney General's office in Texas.

Charles Vahrenkamp has been a member of Public Employees Credit Union for almost 30 years and was never concerned about anyone misappropriating his money or account. But now, all credit union members are warned by Texas Attorney General's Office about fake mails carrying subject like 'warnings to credit union members'.

The President of Public Employees Credit Union, Gary Whitcomb, said that they are using information which the credit unions have attempted to use for educating their members on how not to trap in these scams. Gary also added that they are using it against the people to try and perpetrate the scam, as reported by KVUE on November 29, 2007.

Gary claims that these fake mails have one such key word which is clear hint about their authenticity. It is projected that there are almost 714,000 credit union members in Texas and 88 Million worldwide. By exhibiting warnings on Internet and in newsletters, all the members are cautioned against these kinds of phony mails.

RSA's Anti-Fraud Command Centre said that the US institutions topped the list of most targeted phishing attacks against global banking brands that estimated at almost 60%. Worldwide banks are now anticipated to be 43% of financial institutions attacked in the US Credit Unions are the victims of 40% of all attacks.

Another phishing scam emerges in the fourth week of November 2007 that intends to cheat members of Kavai Community Federal Credit Union. The fake mail directed the members that their accounts have been suspended and they need to click on a link for upgrading it.

As per the warnings posted on the IRS Website, other scams attempt to lure respondents with cash awards, appeal to their sensitivity for donations to the victims of the California wildfires or threatened users that they are held for cheating on their taxes.

IRS spokeswoman, Lea Crusberg, said that the links to scam mails results in a take over of a computer's hard drive, as per the news by DAILYTIMES on November 30, 2007.

Related article: Phishing With A Redirector Code

» SPAMfighter News - 12/12/2007

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