I love burritos, but I had to delete an app developed by a chain restaurant that allowed me a convenient way to get my burrito fix. I’ve been putting it off for months, but I finally decided that the convenience wasn’t worth the risk. Let me explain.
We recently had a member reach out to us to ask if we are prepared for a possible cyberattack. The member had been following recent headlines about international unrest and was concerned about the safety of the credit union. If you, like this member, have ever questioned whether Hanscom Federal Credit Union is taking measures to protect against such an attack, we assure you that we take cybersecurity very seriously. In this blog post, we will explain the safeguards that we exercise and share five things you can do now to protect your accounts.
Police departments around the country are warning citizens in their communities to avoid abbreviating 2020 when they're writing out dates, especially on checks, contracts, and other important legal and financial documents.
A deed of entrust, including your home equity loan or line of credit (HELOC), is recorded for public record upon closing a loan, which means anyone, including a scam artist, can take a look at that record at your town hall. They can find out how much you borrowed and glean other personal information they can then use to rip you off.
Since a home equity loan or HELOC represent a large chunk of money, it's important to safeguard it from crooks. Here's how:
Bluetooth technology, which has been around since 1989, has experienced explosive growth in use over the past decade due to the combination of lower-priced hardware hitting the market and innovations in power consumption and range, thanks to products like Apple’s AirPods. Legislation in many states restricting use of cell phones while driving — including here in Massachusetts very soon — means that Bluetooth has become the de facto standard to listen to and communicate through cell phones.
While you're shopping for the hottest tech and sweetest deals this holiday season, fraudsters are shopping for something far more lucrative: your personal information, including your login ids and passwords for popular shopping sites, credit card details, security information, and other valuable bits of information they can use illegally.
I found out awhile ago that a favorite password had been compromised in a data breach. Yes, I'm hanging in my head in shame because I know now that I shouldn't have a favorite password. But I did, and my punishment was a few hours of my time spent changing all of my passwords to reduce the risk of being hacked in the future. (If you're wondering why it's a bad idea to reuse passwords, it's because once a hacker knows a password, they'll use it to try to break into other accounts you own.)
Active duty military and National Guard members take note: effective October 31, 2019, the three major credit reporting agencies — Equifax, Experian, and TransUnion — will provide you with free electronic credit monitoring services to help you spot and combat identity theft.
You're ecstatic. You've found a vintage handbag in a Facebook Marketplace listing, a bag you've been searching for for years. And it's only $250! The seller asks you to pay her through Venmo, and because you can see she's got a Facebook account with a photo and positive reviews, you figure she's legit and initiate the payment.
Then the package arrives a few days later. Not only is the bag not vintage, it's clearly a cheaply made fake that's damaged and not the bag you saw in the photo. The seller isn't answering your Facebook messages so you go to your financial institution and inquire how to get your $250 back. That's when you learn there's not much you can do about getting a charge reversed once you've paid through a peer-to-peer (P2P) payment service like Venmo. Here's why:
The voice on the other end of the line informs you they're a "security officer" at your credit union, and they want you to confirm some suspicious transactions on your account.
Sounds fishy? It's not just fishy, it's a form of vishing (or sometimes called vhishing, short for voice-based phishing) and we've been informed that fraudsters are using this phone scam to steal money from members and customers of other financial institutions. Here's how the scam plays out, what you should watch out for, and what you should do if one of these scammers gets your personal information.