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:
- 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.
- Buyers complaining that the orders they placed with online sellers has increased every year since 2015. Read the FTC’s tips for spotting scam sellers online.
- Receiving a text message or email, or responding to a Craig’s List offer to earn money by having an advertising wrap (usually for a large national company) put on your car. See the FTC Alert.
- 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.
What to Do
- 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.