Robert Schuldes, Senior Vice President Director of Financial Crime for Associated Bank Fraud Division updated the Elmbrook Rotary members on current scams and how to avoid being a target and victim.
Watch for red flags
“Fraudsters are especially active during times of uncertainty, trying to take advantage of fear, empathy and desire for more information. The types of communications vary, so it is critical you look for any red flags with emails, phone calls, letters, text messages, faxes and social media.”
Be especially alert for any of the following types of messages (including advertisements):
* Asking you to confirm or update confidential, personal information and/or bank account information. - Never share personal information with someone contacting you.
* Asking you to donate during times of crisis. - Fraudsters will attempt to use the urgency of a situation to rush you in to donating. Always research the charity or organization before giving money.
* Offering guaranteed investment opportunities or prize winnings. - Offers that are too good to be true should be avoided. Never respond to these types of offers.
* Making you feel pressured to take an action or share information to receive a rebate or stimulus check. - Fraudsters use time pressure to make people act before they think. If you feel you are being rushed to make a decision, step back to evaluate the situation and what you are being asked to do.
* Contacting you via phone or in person offering special services such as cleaning, testing, running errands or safeguarding money. - Fraudsters are targeting vulnerable people such as the elderly and those who can't leave their homes while impersonating law enforcement or service workers. Never allow access to your home or hand over cash, account information, cards or PINs.
Recent Frauds and Scams
“These are attacks and scams perpetrated by attackers that have been seen recently and are prevalent across all industries and locations. These are not specific to Associated Bank but can be used to target you as a customer. “
- Spoofed calls & account takeover
- Online shopping & fake checks
- Romance scams
- Economic Impact Payment Fraud
- Online shopping & fake checks
- Romance scams
- Economic Impact Payment Fraud
- To view details on how to avoid the above scams, visit https://www.associatedbank.com/education/security-center
Robert, thank you for your insight and strategies on how to avoid being a victim of fraudsters.
