Cybersecurity & Fraud

At Priority Trust Credit Union, we’re more than just a financial institution; we’re your partners in financial security. We recognize the unsettling rise of scams in the financial world, impacting individuals and businesses alike. This blog post aims to arm you with knowledge and strategies to shield yourself from these financial predators.

The Lure of Phishing Scams

Imagine a scammer disguised as your bank, sending emails or texts asking for your private details. Sounds alarming, right? That’s phishing for you. Remember, no genuine bank or credit union, including us, will ever ask for sensitive information through such channels. Always double-check the sender’s credentials. When in doubt, don’t hesitate to contact us directly for verification.

The Deceit of Lottery Scams

Picture this: You get a message saying you’ve hit the jackpot, but there’s a catch – a fee to claim your winnings. This is a classic lottery scam. Remember, legitimate lotteries don’t charge to hand over your prize. Always approach such claims with skepticism and verify their authenticity before parting with your money.

Investment Scams: Too Good to Be True

High returns with no risk? That’s the bait of investment scams. They use pressure tactics to rush you into decisions. Our advice? Take a step back, do thorough research, and consult with a financial advisor. Genuine investments don’t rely on urgency.

The Dangers of Digital Banking Fraud

In the digital banking world, your login details are as precious as gold. Malicious software aims to steal them. At Priority Trust Credit Union, we urge you to regularly update your passwords and keep your credentials confidential. And remember, we will never ask for your digital banking passwords; we may use a one-time code, but only if you initiate the process.

How to Avoid Falling Victim to Financial Scams

• Stay Informed: Knowledge is your first line of defense. Familiarize yourself with the latest scamming techniques.

• Verify the Source: Always check the legitimacy of any unsolicited communication. Do not click on links in emails or texts from unknown sources.

• Protect Your Personal Information: Never share personal information like social security numbers or bank details unless you’re sure of the recipient’s authenticity. Do not give your PIN to anyone over the phone. Often thieves steal a card and then call the victim for the PIN, sometimes claiming to be law enforcement or even us. We will never ask you for your PIN.

• Be Skeptical of Unbelievable Offers: If an offer seems too good to be true, it probably is. Always approach unsolicited investment opportunities with caution.

• Use Secure Networks: Avoid conducting financial transactions on public Wi-Fi networks. Ensure your own network is secure and your computer’s antivirus software is up-to-date.

• Regularly Monitor Your Accounts: Review your account statements frequently. Use online banking or our mobile app and sign up for eStatements for easy and secure account monitoring.

• Report Suspicious Activity: If you encounter a potential scam, report it to the relevant authorities. This can help prevent others from becoming victims.
• Protect your Cards: Always trust your instincts and be vigilant for any signs of tampering or unusual equipment at ATMs and gas pumps. They may have a skimming device.

Your Shield Against Scams

Scammers are crafty, but being informed and vigilant is your best defense. By following these guidelines, you can fortify yourself against their schemes. And remember, our team at Priority Trust Credit Union is always here to support and guide you. If something feels off or if you have any questions, reach out to us at (713) 970–6200. Together, let’s keep your finances secure and scam-free!