Beware of Recent Spoofing Scams

At BluCurrent, keeping your information safe & secure is a top priority. From complex password requirements withing online banking, to ongoing account monitoring, we are always looking for ways to better secure your account(s).

In today's digital age, financial institutions have become prime targets for cybercriminals looking to exploit vulnerabilities and scam innocent individuals. Read on to learn about a trending spoofing scam targeting BluCurrent Credit Union and learn essential information to protect yourself from falling victim to such scams.

The Rise of Spoofing Scams

Spoofing scams have been on the rise in recent years, with cybercriminals using increasingly sophisticated techniques to deceive their victims. Spoofing occurs when a scammer manipulates information to appear as though it is coming from a trusted source, such as a bank or credit union.

A Recent Spoofing Scam Targeting BluCurrent Members

In a recent spoofing scam, cybercriminals are making phone calls that appear to be from BluCurrent Credit Union. These calls often bring alarming claims, such as a security breach or the need to update personal information urgently. The goal is to create a sense of urgency and panic in the recipient, making them more likely to act without thinking.

It’s important to know that when BluCurrent contacts you regarding fraud on your card, we will not ask you for the first 8 digits of your card number.

Key Elements of the Scam:

1. Deceptive Phone Calls: We’ve been notified by several members that scammers are making phone calls that appear they are coming from BluCurrent.
2. Urgent Warnings: The calls typically include warnings about account security, emphasizing the need for immediate action. The caller advises them of a fraud text they are about to receive and that they are needing to reply ‘Y’ to start a fraud dispute
3. Phishing Links: Victims are encouraged to click on links within a text message that lead to fraudulent websites designed to steal personal and financial information.
4. Fake Customer Support: Scammers may provide a fake customer support number and encourage victims to call for assistance, further reinforcing the illusion of legitimacy.
5. Emotional Manipulation: The scammers use emotional manipulation tactics to pressure individuals into providing sensitive information, such as Social Security numbers or online banking credentials.

How to Protect Yourself from Financial Spoofing Scams

1. Verify the Source: Always verify the sender's email address and phone number. Legitimate financial institutions like BluCurrent Credit Union will never ask for sensitive information via email or text messages.
2. Do Not Click on Suspicious Links: Avoid clicking on any links in emails or messages from unknown sources. Hover over the links to see where they lead, but do not engage with them.
3. Contact the Institution Directly: If you receive a suspicious communication, contact BluCurrent Credit Union directly. You can find the various ways to contact us on our website. Do not use any contact details provided in the suspicious message.
4. Enable Multi-Factor Authentication (MFA): MFA adds an extra layer of security to your accounts, making it more difficult for scammers to access your information even if they have your credentials.
5. Educate Yourself: Stay informed about the latest scams and techniques used by cybercriminals. Awareness is your best defense.

Spoofing scams, like the recent one we are seeing at BluCurrent, pose a significant threat to individuals and financial institutions alike. It's crucial to remain vigilant and informed about the latest scams, so you can protect yourself and your financial assets. Remember that BluCurrent representatives will never ask you to share sensitive information via email or text message. When in doubt, always contact BluCurrent directly to verify the authenticity of any communication you receive. By staying alert and informed, you can help combat these fraudulent activities and keep your finances safe.