Here at MFed, we want to assure you that your personal and financial information is safe and secure. One of our top priorities is to keep information about your accounts private. We utilize a multi-layered defense-in-depth security strategy.
We want to help protect you from the threat of identity theft and online fraud. Identity Theft means that your personal information such as your Social Security number or driver's license number is obtained and used by an impostor. Thieves can obtain your information by means of not only stealing your wallet, but also by stealing your mail, phishing, computer scams or viruses, confiscating documents found in your trash, or even a data breach. Miramar Federal Credit Union would never ask for personal information via unsecured email.
Threats and Scams to be aware of:
Phishing (pronounced "fishing") attempts are on the rise. Beware of people requesting information over the phone, by text message or by email. Phishing scams involve criminals who try to trick people into providing personal information (such as credit card numbers, PINs, financial account or other sensitive information).
The criminals who "phish" get more creative all the time! It's important to be aware of the common traits of phishing attempts so you'll recognize them as they evolve. Here are a few to consider:
Phishing emails are designed to load malicious software on your computer to gather information or just to do damage to your hard drive. The best ways to avoid compromising your computer's security is to ensure that you keep updated anti-virus software on your computer and avoid opening emails unless you know the sender. Be particularly careful of emails that contain attachments.
How skimming works
Skimmers are small devices that can scan and store credit card data from the magnetic stripe. Crooks can install skimmers on a gas pump, or corrupt employees can have a skimmer stashed out of sight of customers. Once the card is run through the skimmer, the data is recorded, and the crooks can sell the information through a contact or on the Internet, at which point counterfeit cards are made. The criminals go on a shopping spree with a cloned copy of the credit or debit card, and cardholders are unaware of the fraud until a statement arrives with purchases they did not make.
Ways to avoid skimming:
If you receive a check in the mail with a letter that says you've won the lottery or a sweepstakes or that you've been selected to participate in a secret shopper program, there's a very good chance the check is counterfeit. If you receive a check in the mail because you've sold something on the internet or signed up to work from home, and the check includes an overpayment that you are supposed to return, there is also a likely risk that the check is counterfeit.
Some of these checks look authentic and include the names and addresses of legitimate financial institutions. In addition to checks, counterfeits can also come in the form of official checks, money orders, business checks or personal checks. If you receive a check from an unknown source, contact the financial institution it's written on to help you verify the validity of it. You can find contact information from a public source such as the institution's website or the phone book. Never rely on the contact information on the check or any letter that accompanied the check.
Here are some other tips that will help you avoid becoming the victim of a counterfeit check scam:
There is a new variation on the classic overpayment scam which is disguised as a job opportunity with stipulations. People may answer an ad posted in the newspaper (including college papers) or post their resume on monster.com or careerbuilder.com and fall victim of this newer overpayment scam.
In these scenarios, people receive a job offer from legitimate companies and are then sent a check and/or money order. They are told that they can deposit the check and keep a certain portion of the amount but are then instructed to wire the remainder.
Keep in mind that it doesn’t matter why you are supposed to send money back. Scammers give many different excuses that seem reasonable. It is best to avoid all overpayment scams by never agreeing to handle financial transactions for people you don’t know or who offer you a job. As a rule, never accept a check or money order and turn around and send part or all of the money to anyone.
For up to date fraud protection information click here NCUA.