Important Reminder: Popular scams to look out for!!
The Holiday season is a time for joy and generosity, but unfortunately, it is also a prime time for scammers. Fraudsters exploit the rush of shopping, charitable giving, and travel to trick consumers into handing over money or sensitive information. Below we’ll outline a recent scam targeting credit union members and highlight other schemes that spike during this year.
The Freedom Credit Union Impersonation Scam
Fraudsters are contacting individuals pretending to be from a utility or vendor you may regularly pay, such as PECO.
Here’s how this scam works:
- The impostor claims your recent payment did not process due to a bank issue.
- They offer to connect you with a “Freedom Credit Union representative” to assist.
- This fake representative then asks for confidential information such as:
- Account numbers
- PIN numbers
- Online banking credentials
- They may even tell you your debit card has been canceled and that a courier will come to your home to collect your old card and provide a temporary replacement.
Why it’s dangerous: This scam combines urgency with impersonation, making victims feel pressured to comply. Remember: Freedom Credit Union will never ask for your PIN, credentials, or send a courier to your home. If you receive such a call, hang up and call the official number you know and trust.
Other Popular Holiday Scams
1. Fake Online Stores
Scammers create websites that look identical to legitimate retailers, often advertising massive discounts on popular items. Victims either receive counterfeit goods—or nothing at all. Always verify URLs and shop through official apps or trusted sites.
2. Delivery Notification Scams
You might get a text or email claiming there’s a problem with your package delivery. Clicking the link can lead to stolen payment details or malware. Legitimate couriers rarely ask for payment via text—check directly on the retailer’s site.
3. Gift Card Fraud
Gift cards remain a top holiday purchase, making them a favorite tool for scammers. They may ask you to pay bills or fines with gift cards or tamper with cards in stores. Never share gift card numbers and buy cards from secure locations.
4. Fake Charities
Fraudsters exploit seasonal generosity by creating phony charities or using emotional appeals. Before donating, verify the organization through official registries and avoid high-pressure tactics.
5. Seasonal Job Scams
Looking for extra holiday cash? Beware of job offers requiring upfront fees for training or supplies. Legitimate employers never ask for payment to apply or start work.
6. AI-Driven Phishing
Scammers now use AI to craft convincing emails, ads, and even voice calls. These mimic trusted brands or loved ones, making it harder to spot fraud. Slow down, verify sources, and never click suspicious links. AI scams come in many forms; click the title to explore the different types and learn how they’re artificially created.
Tips to Stay Safe:
- Pause before you act: Scammers rely on urgency. Take time to verify.
- Use credit cards: They offer better fraud protection than debit or wire transfers.
- Check URLs: Look for “https” and avoid clicking links in unsolicited messages.
- Enable multi-factor authentication: Adds an extra layer of security to your accounts.
- Report scams: Notify your financial institution and file a report at https://www.ic3.gov.
Helpful Links to Learn More about Scams and How to Protect Yourself:
