Top Fraud Trends

Last updated: January 16, 2020

Here are a list of the top fraud trends members are currently reporting. Please take a look so that you can be aware and protect yourself against fraud and scams.

 

1. Consumer Scams

Love Scams, loved one in jail and problems with your computer are just a few ways fraudsters are scamming innocent consumers.

 

2. Elder Exploitation

Fraudsters will misuse or take the assets, checks, and debit/credit cards of a vulnerable adult for their own benefit.

 

3. Business Email Compromise

Fraudster create an email address appearing to be from a company executive, employee, or even vendors to ultimately steal funds. They may ask you to move money or update payment information.

 

4. Call Center Impersonator

Fraudsters call into call centers to find out what authentications are asked, then prepare answers with stolen information to gain accesses to your accounts.

 

5. Power of Attorney

This may occur when multiple family members acquire Power of Attorney documentation/rights and then attempt to take control of monies they are not legally entitled to control.

 

6. New Account Fraud

Fraudsters set up new accounts without proper documentation or authorization and then use person-to-person transaction to illegally funnel money to and through the account.

 

7. Debit / Credit Fraud

Fraudulent cards and checks are used to scam innocent people through the withdrawal of funds from random accounts.

 

8. Ransomware

Malicious software is used to block accesses to companies’ systems and information. Fraudsters will claim they will release the information if a sum of money is paid.

 

9. Synthetic Identity Fraud

Fraudsters combine fictitious information and real information to create a new identity, open lines of credit and spend large sums of money.

 

Contact Us

If you have any questions or you have given out personal information over the phone, please contact us. We will take the necessary steps to protect you against fraud.

(918) 683-3460

P.O. Box 129 Muskogee, OK 74402-0129