Financial fraud is becoming more prevalent in an increasingly digital world, posing significant risks to individuals and businesses alike. Rize Credit Union is dedicated to protecting your account against fraudulent activity.
What is financial fraud?
Financial fraud encompasses a range of illegal activities aimed at deceiving individuals for monetary gain. This can include identity theft, credit card fraud, phishing scams, and investment fraud, among others. The consequences can be devastating, leading to financial loss, damaged credit scores, and emotional distress.
Financial fraud is increasing
Fraudsters have become more sophisticated in their methods. They exploit vulnerabilities in technology and human behavior, making it crucial for consumers to stay informed about the latest scams and protective measures.
Tips for protecting yourself against financial fraud
In addition to the advanced security measures utilized by the Credit Union, personal vigilance is equally essential. Here are some tips to help protect yourself:
- Monitor your accounts: Set up automatic notifications to help detect unusual activity. Find out how you can protect yourself using text banking & alerts and card controls. Regularly check your Credit Union statements and online accounts for unauthorized transactions.
- Use strong passwords: Create complex passwords and change them regularly. Avoid using the same password across multiple sites.
- Be skeptical of unsolicited calls or emails: If you receive unsolicited calls or emails asking for personal information, pause before responding, even if the communication appears to be from Rize CU. Don’t share personal information in communication you didn’t initiate – instead, contact us directly.
- Educate yourself: Knowledge is your best defense. Stay updated on the latest fraud trends and scams. Our Fraud Awareness section provides additional information and monthly updates.
A scammer will do everything they can to appear as if they’re a real Credit Union employee attempting to assist you with your account. If you believe someone is trying to illegally gain access to your account or personal information, contact us immediately at 800.866.6474.
Remember, being proactive today can save you from significant financial consequences tomorrow.
Please note: We will not ask you for confidential information such as a username, PIN or password when contacting you to confirm any suspicious activity.