fbpx
Skip to content
 ABOUT US | LOCATION |
[Search form]
What is a Fraud Ring and How Can I Keep Myself Safe?

What is a Fraud Ring and How Can I Keep Myself Safe?

Q: I’ve been hearing a lot about fraud rings and how dangerous they can be for both businesses and consumers. What is a fraud ring, and how can I keep myself safe from falling victim?

A: A fraud ring is a group of fraudsters and merchants that can operate for years, stealing money and information while causing tremendous damages and loss.

Let’s take a deeper look at fraud rings, how they operate and how consumers and merchants can keep themselves safe.

 

Don’t Answer Calls from These Area Codes

Don’t Answer Calls from These Area Codes

Robocalls have got to be one the most annoying inventions of the 21st century. Unfortunately, those phone calls can do a lot more than disrupt your dinner to send you running to the phone just to hear about an offer for an extended warranty on your car. Using sophisticated spoofing methods and dogged persistence, they can swindle unsuspecting targets out of hundreds, or even thousands of dollars, using nothing but a phone. In fact, according to data from Trucaller, Americans lost close to $30 billion to phone scams in 2020.

4-Scams-to-Watch-Out-for-this-Black-Friday

4 Scams to Watch Out for this Black Friday and Cyber Monday

Black Friday has traditionally been the day that kicks off the holiday shopping season, sending hordes of crowds surging through malls and big-box stores all over the nation. Unfortunately, it’s also been a day that kicks off the season of shopping scams.

Don’t Get Spooked by One of these Scams this Halloween!

Don’t Get Spooked by One of these Scams this Halloween!

That cackling, long-haired witch might send your heart fluttering with fear, but these Halloween scams are even spookier! Here’s what to know about these common Halloween scams.

Beware of Gift Card Scams

Beware of Gift Card Scams

Everyone loves a gift card for their favorite retailer or restaurant. It’s like getting money to spend in any way you please! Unfortunately, scammers also love gift cards, but for all the wrong reasons: They often use gift cards to pull off scams. Here’s what you need to know about gift card scams and how to avoid them.

SRI FCU Fraud Monitoring through text available 02/24/2020

SRIFCU Fraud Monitoring Through Text Messages

Our text alert service allows you to instantly keep tabs on suspicious
card activity.

At SRI Federal Credit Union, we want to make sure that using your debit or credit card is always as safe and convenient as possible. That’s why we use text alerts as part of
our ongoing fraud monitoring program.

 

READ ABOUT THE LATEST IRS SCAMS

Fraud Prevention and Security

The Internal Revenue Service (IRS) recently warned taxpayers and tax professionals about a new IRS impersonation scam email.

The email subject line may vary, but according to the IRS, recent examples use phrases like “Automatic Income Tax Reminder” or “Electronic Tax Return Reminder.” The emails include links that are meant to look like the IRS website with details about the taxpayer’s refund, electronic return or tax account. The emails contain a “temporary password” or “one-time password” that purports to grant access to the files. However, these are actually malicious files. Once the malware files are installed on your computer, scammers may be able to secretly download software that tracks every keystroke, giving the bad guys access to information like passwords to your financial accounts.

Fraud Prevention

Protecting your accounts and identity

Our members’ security is a top priority. We’ll never ask you to send us personal information such as an account number, card PIN or your Social Security/Tax ID over email. If you do receive a request like this through the phone, text or any other suspicious phishing email, please forward it to us at connect@srifcu.org.

Equifax data breach image

Equifax Data Breach

We are aware that a large data breach has been reported at Equifax with a reported 143 million records affected. Equifax is offering complimentary identity theft protection and credit file monitoring services to all US consumers.

October 2016

There have been a lot of changes behind the scenes at the credit union recently. We have a new chip card machine that instant-issues cards (debit and credit) in our office. Chip cards are also known as EMV (Europay/MasterCard/Visa) cards. They reduce fraud by creating a one-time passcode for every transaction and will also improve acceptance of cards in the United States and abroad.

Contact Us

Call: 650.800.5434
Fax: 650.326.8916
333 Ravenswood Ave
Menlo Park, CA 94025-3493

Mailing Address:
P.O. Box 2284
Menlo Park, CA 94026-2284

Routing Number: 321173328

All deposits are insured by the NCUA to at least $250,000.

Scroll To Top