Don’t Let Holiday Cheer Turn Into Holiday Fraud
Stay Alert: Holiday Fraud Is on the Rise
The holidays can bring joy, generosity, and (unfortunately) a surge in scams. Each year, financial institutions see an increase in fraud attempts as criminals take advantage of the season’s busier schedules, higher spending, and spike in online shopping.
From phishing emails to fake delivery notices and payment scams, fraudsters use evolving tactics to trick consumers into sharing personal information or sending money. Awareness and prevention are key to keeping your accounts safe during this season.
Why Fraud Peaks During the Holidays
- Higher transaction volume: With more online and in-store purchases, it’s easier for fraudulent activity to blend in with normal spending.
- Increased digital payments: Card-not-present transactions and payment app transfers are prime targets for scams.
- Phishing, vishing, and smishing: Scammers impersonate retailers, delivery services, or even your financial institution to steal sensitive information.
- Check and refund scams: Mail theft and fake refund requests rise sharply this time of year.
- First-party fraud: Some individuals exploit return or refund policies for personal gain.
How to Protect Yourself
- Think before you click. Don’t open links or attachments from unknown senders.
- Verify before you send. Always confirm payment requests through a trusted source.
- Use account alerts. Enable notifications for purchases, transfers, and login attempts.
- Set up multifactor authentication (MFA). Add an extra layer of protection to your accounts.
- Shop on secure sites. Look for “https://” in the URL and avoid public Wi-Fi when entering payment details. If something doesn’t feel right, pause and double check the source before you pay.
We’re Here to Help
Our team is here to help you keep this season merry, bright, and free of fraud. Feel free to reach out to us with any questions and remember:
You can always contact us directly if you’re unsure if who you are talking to is a true representative of NCFCU.
Stay safe, spend wisely, and enjoy a fraud-free holiday season!