Current Financial Fraud Trends
Financial fraud is, unfortunately, quite commonplace today. Individuals and businesses are being targeted by thieves leveraging both the latest technologies and old-fashioned scams.
To assist the community at large, GRB has assembled brief descriptions of some of the more prevalent fraud activities being seen today:
- Scammers are impersonating Federal Trade Commission Chair Lina M. Khan in a new phishing scheme promising Coronavirus relief funds. This is an effort to obtain your personal information. See the FTC alert.
- More and more places are requiring proof that you’ve had a COVID-19 vaccine or have recently tested negative before giving you access. Scammers see this as an opportunity to profit by selling fake verification tools or products, like fake vaccination cards, certificates, and test results. These fake items can get you fined, land you in jail, or lead to identity theft. See the FTC alert.
- After you close on your home mortgage, the scammers come out in full force. Be aware of common cons and rip-offs that leverage your home purchase information.
- Work-at-Home scams are increasingly commonplace. Here’s the FTC alert on how to spot them.
- Getting a check in the mail with instructions on how you can earn a fee by cashing the check and then sending gift cards, money orders or personal checks to a third party. See the FTC Alert.
- Nursing homes do not have the right to take residents’ $600 stimulus checks. If you or a loved one qualifies and lives in a nursing home or assisted living facility, know that the stimulus payment belongs to the individual, not to the facility. Read the FTC Alert here.
- Emergency instructions from a company executive ordering an immediate transfer of funds to an unfamiliar account. See the ic3.gov Alert.
For more information on recent fraud trends and how to avoid becoming a victim, go to the Federal Trade Commission at https://www.consumer.ftc.gov/features/scam-alerts.
Fraud occurs in many forms. Finding the right resource is critical in receiving the help you need to protect yourself. If you are a victim of fraud, we encourage you to use the comprehensive list of organizations that offer fraud assistance located on our Blog.
Reporting Fraud to GRB
- If you are a GRB customer or believe you may have been targeted by thieves using a GRB account, please fill out the form below.
- If you believe you have been the victim of fraud related to another financial institution, please contact them directly.
You may also want to contact your local law enforcement agency, if you haven’t done so already.