More COVID-19 Scams Including Check Fraud and Medicare Theft

The Federal Trade Commission is taking extra measures to warn people of scammers that will use tactics to try and take your personal information, especially in light of the recent Coronavirus outbreak in this country. It’s important to remain aware of these current scams and schemes in order to protect yourself from fraudsters who are looking to take advantage of your vulnerability, and your money.

In the most current COVID-19 scam – fraudsters are trying to capitalize on the checks the U.S. government might be sending to American taxpayers. These scammers are looking to trap people into giving their information in order to take their money and capture sensitive information such as social security numbers and account information.

To help combat this, we’ve put together a few tips to help you identify fraud in relation to this check scam:

  1. Any money from the government will be in the form of a check and will not be immediate. Anyone who claims this money will be made immediately available is a scammer.
  2. If you have to pay anything upfront before you receive your payment, it is also not legitimate. There are no fees and no hidden charges. Anyone who says otherwise is a scammer.
  3. The government won’t call and ask for your social security number, bank account or credit card information. Anyone who asks for this information is a scammer.

If you receive any communication from someone with the above claims, The Federal Trade Commission urges you to report it through the FTC complaint center. The FTC is also an invaluable resource to stay informed and knowledgeable of current scams and schemes.

Additional scams surrounding Coronavirus to be on the lookout for:

  • Scammers going door to door claiming to be from health agencies such as the CDC or WHO, and offering at home COVID-19 testing. The victim may then be charged for the fictitious test or may become the victim of a robbery. Do not answer the door, pay for the “test,” or let this type of fraudster into your home.
  • Online sellers who contact you and claim they have in-demand products like cleaning, household, and health and medical supplies. You then place an order, but you never get your shipment. Anyone can set up shop online under almost any name — including scammers. Be careful and check for legitimacy.
  • Scammers are targeting the elderly by posing as Medicare workers and in some cases, they might tell you they’ll send you a Coronavirus test, masks, or other items in exchange for your Medicare number, social security number or other personal information. Be wary of unsolicited requests for your Medicare number or other personal information. Only give your Medicare number to participating Medicare pharmacists, primary and specialty care doctors, or people you trust to work with Medicare on your behalf.

Your privacy and protection are important to us. Feel free to reach out to us if you suspect any of your First Financial accounts have been compromised due to one of the above scams.

THINK First because There’s Harm In Not Knowing!

Article Sources:

https://www.consumer.ftc.gov/features/coronavirus-scams-what-ftc-doing

https://www.consumer.ftc.gov/blog/2020/03/checks-government

March 2020 CUNA Risk Alert

Protecting Your Finances from COVID-19 Scams

No question – the past few weeks have been unprecedented as a result of Coronavirus (COVID-19) in our country. We’re seeing things unfold that most of us haven’t experienced before. Entire cities have shut down, people are being quarantined, and financial institutions are trying to find different ways to serve their members.

While we’ve seen the best in humanity from Dollar General and many local grocery stores setting aside the first hour they’re open to serve the elderly to restaurants providing meals for kids who are out of school, we’ve also seen some scammers who are exploiting the public’s Coronavirus fears.

Android Malware and Ransomware

Android devices in particular have been left vulnerable to malware attacks allowing scammers to spy on you through your smartphone’s camera, listen to you through the microphone, and go through text messages. The scammers will send out text messages with a link promising an app that will allow you to track the Coronavirus. Once you click on the text message, the malware installs itself on your phone.

DomainTools, a Seattle-based security research team, has discovered that Android users are also the target of ransomware that threatens to erase their phone. Much like malware, users are promised an app with a real-time COVID-19 tracker. The app is actually poisoned with ransomware called CovidLock that denies users access to their phone by changing the lock screen password. It requests $100 in bitcoin within 48 hours or the phone’s contacts, pictures and videos will be erased. It also threatens to publicly leak social media accounts.

Scammers Impersonating Organizations

The FBI, Centers for Disease Control (CDC), and World Health Organization (WHO) are investigating multiple claims of scammers who are sending out emails impersonating these organizations and spreading incorrect information about COVID-19. The WHO is among the most-impersonated organization in the scam campaigns so far. Fraudsters will pretend to offer important information about the virus in an attempt to get potential victims to click on malicious links. Typically, such links can install malware, steal personal information, or attempt to capture login and password credentials.

Exploiting Charitable Giving

Another common type of scam going around is an attempt to tug on heart strings and attempts to get the recipient to help fund the vaccine for children in China. Currently, there is no vaccine for COVID-19. Officials at the Federal Trade Commission (FTC) have served cease-and-desist letters to retailers who are trying to profit from the COVID-19 pandemic by selling fake or misbranded products claiming to combat the disease directly.

How to Protect Yourself

Even though there are many ways to get taken advantage of, there are also several ways to protect yourself.

  • Don’t click on links from any sources you don’t know. Doing so could download viruses on your computer or device.
  • Be aware of emails claiming to be from government organizations. If you receive an email from the WHO or CDC, don’t click on links in the email. Instead, go to their websites to verify the information.
  • Ignore online offers for vaccinations. There currently are no vaccines, pills, potions, lotions, lozenges or other prescription or over-the-counter products available to treat or cure COVID-19 — online or in stores.
  • Do your homework when it comes to donations, whether through charities or crowdfunding sites. Don’t let anyone rush you into making a donation. If someone wants donations in cash, by gift card, or by wiring money – do not do it.
  • Be wary of giving out your personal information. Legitimate organizations will not ask for any of the following:
    • Full social security number
    • Account or card numbers
    • A one-time password
    • PIN information
    • Usernames or passwords
    • Payment through Bitcoin, prepaid cards, or gift cards

While it seems that this unfortunate epidemic has come upon us most unexpectedly, there are fraudsters out there quickly taking action and prepared to hustle unsuspecting, innocent people. If you aren’t sure of the legitimacy on a certain request, take the extra steps to verify and ensure you’re doing everything you can to protect yourself, your sensitive information, and your money.

Your privacy and protection are important to us. Please reach out to us if you have any questions or concerns regarding your financial privacy or if you think your First Financial accounts may have been compromised due to one of the above mentioned scams. Thank you for your membership with us and we wish you physical and financial wellness through this trying time.