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NOTICE: The financial community is seeing an aggressive increase in scams and phishing. We will never contact you to ask for your username, password, PIN, verification codes/code word, or card/account numbers. If you are concerned about a text, call or email you receive, please contact our service center at 1-800-453-8188.

NOTICE: The financial community is seeing an aggressive increase in scams and phishing.

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Tips to protect seniors from Fraud Attacks

As technology advances, so do the methods of fraudsters seeking to exploit unsuspecting individuals. Seniors, in particular, can be vulnerable targets for various fraud attacks. At Utah Community Credit Union (UCCU), we prioritize the financial well-being of our members, especially seniors. In this blog post, we’ll share five crucial tips to help protect seniors from falling victim to fraud attacks.

Stay Informed and Educated:

One of the most effective ways to guard against fraud is to stay informed about the latest scams and tactics used by fraudsters. UCCU regularly provides resources, workshops, and updates to our members to keep them educated on potential threats. Seniors should be aware of common scams, such as phishing emails, fake lottery winnings, and unsolicited calls requesting personal information. By being informed, seniors can recognize red flags and avoid falling prey to fraudulent schemes.

Strengthen Online Security:

In today’s digital age, online security is paramount. Seniors should take proactive measures to secure their online accounts and personal information. This includes using strong, unique passwords for each online account, enabling two-factor authentication when available, and regularly updating passwords. UCCU offers guidance on creating robust passwords and securing online accounts to ensure seniors can navigate the digital landscape securely.

Monitor Financial Statements Regularly:

Encourage seniors to monitor their financial statements regularly, whether it’s bank accounts, credit cards, or investment portfolios. Regular monitoring helps identify any suspicious or unauthorized transactions promptly. UCCU provides members with convenient access to online banking, making it easier for seniors to keep a close eye on their financial activities. If any discrepancies are detected, members should report them to UCCU immediately for further investigation.

Be Wary of Unsolicited Communications:

Fraudsters often use various communication channels to target seniors, such as phone calls, emails, or even in-person visits. Seniors should be cautious when receiving unsolicited communications, especially those requesting personal or financial information. UCCU emphasizes the importance of verifying the legitimacy of any communication before sharing sensitive details. Remind seniors that reputable organizations will never ask for sensitive information through unsolicited channels.

Seek Trusted Advice:

Encourage seniors to seek advice from trusted sources, such as family members, friends, or financial institutions like UCCU. Having an open line of communication with loved ones can help seniors navigate financial decisions and identify potential fraud. UCCU offers financial counseling services and is committed to assisting members in making informed decisions to safeguard their financial well-being.

Make Security a Priority

At UCCU, we prioritize the security and well-being of our senior members. By staying informed, strengthening online security, monitoring financial statements, being cautious of unsolicited communications, and seeking trusted advice, seniors can significantly reduce their vulnerability to fraud attacks. Together, we can create a safer financial environment for all members of our community, ensuring that they can enjoy their golden years with peace of mind.