While bank and banking are universally understood and accepted terms, the term credit union is still largely misunderstood and unknown to many. Credit union is an unusual term, isn’t it? Is it just another name for a bank? Is it a credit card company? Do I have to be in a union to join? Watch the video.
Security
Beware of Phishing Scams
Phishing is the act of sending an email to a user falsely claiming to be an established legitimate enterprise in an attempt to scam the user into surrendering private information that will be used for identity theft. The requested information is most often credit card numbers, but it can also be credit union or bank account information, Social Security numbers, passwords, or other sensitive data. The email often attributes the need for verification of data, due to security concerns, to create a sense of urgency in responding. Be particularly cautious if the email contains an embedded link for you to access the site in order to update your information.
It’s a Money Thing: Five Identity Theft Jackpots (and How You Can Safeguard Against Them)
Identity theft is nothing new, and yet it still manages to cost its victims billions of dollars (yes, that’s billions with a “b”) globally each year—not to mention the time and hassle involved in recovering a stolen identity.
The good news is that there are tons of things you can do to deter identity thieves. The bad news is that many of us do little beyond choosing a decent password—and some people don’t even bother doing that! Here are the top 5 information jackpots for identity thieves, along with helpful tips on what you can do right now to protect yourself.
It’s a Money Thing: Protecting Yourself from Identity Theft
Identity theft is nothing new, and yet it still manages to cost its victims billions of dollars (yes, that’s billions with a “b”) globally each year—not to mention the time and hassle involved in recovering a stolen identity.
Tips to Be a Safe Mobile User
Having an actual conversation is just one small part of today’s mobile experience. Now, more than ever, people are using their phones for banking, doing things like budgeting, paying bills, transferring funds and depositing checks.
In a recent survey conducted by the Federal Reserve, 52% of smartphone owners are mobile bankers. But for those who are resistant to the idea, one reason cited was their concern about security. According to Juan Lepe, Vice President of Information Technology Planning and Risk at SchoolsFirst FCU, secure mobile banking is really a partnership between financial institutions and consumers.