Welcome to the Logix SmartLab

New Online Banking Security Feature

Posted by Kay K on 8/24/2017

We've shared some techniques fraudsters use to obtain passwords and personal information under our fraud prevention topic here.  Once fraudsters have access to online banking accounts, they will attempt to transfer money out of them.  Time spent recovering stolen funds, completing fraud forms, and changing account numbers leaves victims feeling vulnerable and understandably frustrated.

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Topics: Online Banking, Fraud & Identity Theft, Insider, Tips & Tricks

Fraud Alert: “Secret Account” Scams

Posted by Sherlogix Holmes on 8/22/2017

Scams that encourage victims to willingly give out their account numbers and personal information are nothing new.  The techniques of the scams, however, do change as people become more aware of current scam trends, which cause scammers to find new ways to prey on their victims.  It is important to stay on top of these trends to avoid falling victim.

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Topics: Fraud & Identity Theft

Is Social Media Scamming You? Five Popular Scams and How to Avoid Them

Posted by Sherlogix Holmes on 7/20/2017

Cyber criminals will use whatever they can think of to try to get your online banking credentials or other information they can sell on the dark web. Here are five ways they use social media to do it and how you can avoid giving up your information, in no particular order.

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Topics: Fraud & Identity Theft

Summer Is For Fishing And Not Phishing

Posted by Sherlogix Holmes on 6/30/2017

Summer has arrived all around the northern hemisphere. Many of us prefer to jump up and head outside to enjoy the spoils of the season and that is certainly fantastic. However, scammers don’t honor the seasons. They will try to trick us with their own version of phishing all year round. As we go into relaxation mode, it’s still important to keep an eye out for attempted scams and particularly for the phishing that doesn’t involve a pole, a boat, or water.

Phishing is still the most common way, by far, that information is stolen and .malware makes its way onto computers and mobile devices. It’s worth taking a moment to review the signs that an email message or phone call may be phishing for you

  • A reward is offered, such as a gift card or some other freebie.
  • There is a sense of urgency, such as an account will be blocked or a punishment will occur if you don’t do something.
  • An attachment or link is included in an email that is unexpected or from an unfamiliar sender.
  • There is a request to open a file, click a link, or share something. If a form follows a click that asks for information to be entered or login credentials to be entered, it should be considered suspect.
  • The greeting and message are generic. If it doesn’t have any indication that the sender knows something personally about you, it could be a scam.
  • The sender’s email address is strange or unfamiliar. If you open it up by clicking it, you can see the entire address; not just the name.
  • If a link inside goes to a web address that seems strange or unexpected. If you hover the mouse pointer over those links, you can see where it will take you.
  • A site asks for sensitive information, regardless of how you arrived at it, and the address isn’t preceded by “https:”
  • The caller on the phone starts asking for sensitive information such as passwords, login credentials, or payment card information.
  • A caller tries to scare you into providing or doing something.

Even if none of these indicators are present, it’s not a guarantee that the message is phishing. However, the risk is significantly lower.

It’s unlikely anyone will give up the Internet for the summer, nor is it expected. So just be sure to stay on your game for spotting phishing, so you don’t take the bait.

For additional articles on phishing and more, visit the 
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Topics: Fraud & Identity Theft

Safeguarding Your Personal Info on Your Smart Phone & Computer

Posted by Sherlogix Holmes on 5/9/2017

Given that most of us rely on our computers and mobile devices for everything, including storing our personal information, it's safe to say we want to keep them safe and secure from those with malicious intent. Sadly, our personal electronic devices are constantly under attack by bad guys across the world whose primary goal is to steal our private information.  We are bombarded with endless spam emails, scam phone calls, texts, and computer pop-ups attempting to con us into giving out our own card numbers, social security numbers, and passwords just to name a few. If that happens, they can sell it to other criminals, steal our identities, and open fraudulent loans or even extort us for money to get it back.

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Topics: Fraud & Identity Theft

Ring, Ring?  Keep an Ear Out for these Popular Telephone Scams

Posted by Sherlogix Holmes on 4/3/2017

Don’t take the call!  Telephone imposter scams on the rise

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Topics: Credit Cards, Fraud & Identity Theft

How to Spot and Stop Employment Scams

Posted by Sherlogix Holmes on 2/7/2017



One of the most popular types of fraud is called an employment scam. There are many different types of variations for this scam, but the most common is when a victim is falsely led to believe they have landed their dream job.  After the “employer” hires the victim (with no legal documents signed) they send the victim a counterfeit cashier’s check stating they are going to pay for the equipment that they will need for the job.  They then later claim they over paid and demand that the excess funds are returned. They give the victim a fake account number and instruct them to send the funds electronically via a money transferring service. If the victim falls for the tricks, and sends the funds, they will most likely never see those funds again.  This nightmare becomes reality when the check bounces and the victim is left with the bill.  Once the check bounces, the victim owes the money back to the financial institution.  Often times the victims are truly looking for a job and are already worried about money, so this just compounds the issue.

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Topics: Fraud & Identity Theft

Be on the lookout for these frequent tax season schemes and scams.

Posted by Sherlogix Holmes on 1/27/2017



If it sounds too good to be true, it probably is! In recent years, thousands of people have lost millions of dollars and their personal information to tax scams and fake IRS communication. This article looks at the scams affecting individuals and businesses and what to do if you if you spot a tax scam.

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Topics: Fraud & Identity Theft

Fraud Alert: Holiday fraud is on the rise.

Posted by Brad Blue on 12/22/2016

Fraudsters don’t take vacations for the holidays. In fact, they only have happy holidays if they are successful  in ruining yours! There are three important steps in preventing holiday fraud – let’s call them Ho Ho Ho:

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Topics: Fraud & Identity Theft, Spending

Win $733.70 every week. Get $5 per registration. Stop Fraud.

Posted by Admin on 7/18/2016

Ready to win? It's you vs. the bad guys, and we like you much better. So for the next 6 weeks, we'll be taking money out of their pockets and putting it back into yours.

Each instance of card fraud costs Logix about $366.85. That's $366.85 we can't use to fund loans, reduce fees, increase deposit rates, hire contact center staff, or add to dividends. Every time card fraud is successfully committed, it directly impacts our ability to help our members. Worse yet, it is $366.85 to help fraudsters stay in business.

Let's take money out of their pockets and get it back in member pockets where it belongs!

For the next 6 weeks, Logix will be selecting a member who is helping us fight fraud by using the Logix Card Manager app to win DOUBLE the $366.85 we lose with each instance of card fraud. That's $733.70 every week until August 28th. PLUS, every new Logix Card manager registrant will automatically get a $5 payout.

If you're ready to register and win, all while helping support a healthy credit union and put fraudsters out of business, simply click the links below to download the app or learn more about it.

To set up Card Alerts in seconds, simply click one of these icons to get started.

    

     

NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN THIS SWEEPSTAKES. Odds of winning, 6 in 70,000.Click here to see the official rules.

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Topics: Consumerism, Credit Cards, Debit Cards, Fraud & Identity Theft, Saving, Insider

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Feel free to peruse about. Here you’ll find stories, posts and tools aimed to assist you as you’re faced with daily to once-in-a-lifetime financial quandaries. This is your SmartLab (lab coat optional). We want you to get the most from our articles, and we welcome your ideas to help us continue to bring valuable content to you. Check out the comment section at the bottom of every post for easy ways to share feedback. We’re learning, too, and what better way to encourage smarter banking than to share tips and resources with each other? Not to mention, it’s a great chance for us to get to know each other!

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