Saturday, November 28, 2009

Security Alert ! Text Message Scam Still Going Wild, Credit Union Customers are latest victims

This article comes from the Fraud Scams and News site. I received a phone call from my mother advising me that my 20 year old brother responded to one of these text messages, fortunately there was no money in the account at the time for them to withdraw but non the less he gave his information and will more than likely need to close the account.

It seems scammers are going hand in hand with the latest technological developments. If the technology is changing with quick developments, and so the fraudsters changing their scheme and tactics.
Imagine a Short Service message received in your mobile phone requesting to dial a toll free number in order to verify your identity. But next moment you came to know it was a scam ? Then think How it works for you?

It is easy and the safest way for scammers to track and trap, such crook tactics through mobile phones , and there fore text message seems the latest and favorites weapon of fraud. It you are not the latest victim of scam , then welcome to worst example of text messages fraud gripping credit union customers in Rogue Valley.

Here the mobile scammers are misleading the people by sending the fake short service message requesting to call toll free number and same asks to verify personal banking information by entering debit card numbers and other information into an automated teller machine ( ATM). Sometimes message also says your debit card had been deactivated and need to call the same number for activation .

In same way those who provided their personal information, instantly had their bank accounts wiped out. Thus resulting into scam and identity theft .

According to Budreau, the messages represents from Rogue Federal Credit Union and Southern Oregon Federal Credit Union, but actually came from false e-mail accounts that are difficult to trace back to actual owners which is nothing but a fraud tactics .

He advised the people beware of unfamiliar numbers Anyone who has responded should contact their financial institution to report that their account might be compromised.

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