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Recognizing and Avoiding Scams

Scammers become more sophisticated with their tactics every year. Unfortunately, we’ve also seen a rise in the number of scammers posing as representatives of SharePoint Credit Union. Knowing common scams and their warning signs can help you protect yourself and your finances.

Malware

Malware is malicious software that can infiltrate computers and steal sensitive information. You get malware by clicking on misleading links or downloading seemingly innocent files. These links can appear in ads, social posts, emails, and texts. To avoid malware, be cautious when clicking on links and opening unsolicited messages from unknown senders.

Phishing

Phishing scams use fake emails, messages, and websites that appear to be trustworthy in an attempt to deceive people into revealing sensitive information. They often include malicious links and try to exploit their victim’s fear or curiosity. If you’re suspicious of a message or website, verify its authenticity by contacting the sender directly through a verified communication channel.

Impersonation Scams

Sometimes scammers will pose as someone else, such as the IRS or even a friend or family member. They’ll then ask you to reveal sensitive information or to transfer funds. Always verify the identity of anyone making unsolicited contact. If you get a suspicious email claiming to be from SharePoint Credit Union, for example, contact us by calling 952-930-0700 or using one of the other official contact methods on our website.

Pig Butchering Scams

Pig butchering scams are a form of investment fraud that often begins with unsolicited messages on social media or dating apps. They involve a scammer building a false sense of trust and emotional connection before eventually inviting their victim to “invest in a can’t-miss opportunity.” Be cautious of fast-forming online relationships, and always research investment opportunities thoroughly.

Tech Support Scams

These scams involve fraudsters posing as tech support representatives from reputable companies. They may contact their victims via phone calls, emails, or pop-up messages, claiming that the victim’s device has a virus. They then ask for remote access to the device in order to fix it, but they really just steal personal information from it. Remember that tech support teams will not contact you unsolicited. If you do receive such a message, contact the company through their official phone number or website.

Stay Vigilant

Scammers will try anything to exploit you, and their strategies have multiplied in the digital age. Always be cautious of unexpected online messages, emails, and phone calls. If they seem suspicious, find a way to verify the sender or caller’s identity. And remember, SharePoint Credit Union will never ask you for sensitive information like your Online and Mobile Banking login, card info, account number, or Apple Pay / Google Pay details. If you’re ever unsure, call us at 952-930-0700. To learn more about scams and how to avoid them, check out this article in our Banzai portal.