Being aware of the dangers of fraud is the best way to protect yourself. While ever-advancing technology has resulted in better methods of securing important information, it has also improved the ability of hackers and scammers to break into systems. Your credit union should provide you with detailed information about what to look out for.

Here are three of the most common types of frauds and scams:

1. Cybercrime

The cyber world has made profound progress in only the last few years, so being targeted by a skilled hacker is one of the biggest threats credit union members face today. Most cybercrimes include websites that look legitimate but are set up to steal passwords and other important personal information. If you suspect you’ve been a victim of a cybercrime, report the incident to your credit union and the Internet Crime Complaint Center.

2. Identify Theft

Identity theft has been around a lot longer than cybercrime, but that doesn’t mean it’s any less of a threat. It’s a type of fraud that involves someone learning your personal information—like your full name, social security number, and credit card information—and using it to take on your identity for financial gain. Identity thieves drain bank accounts and ruin credit scores often before their victims know what’s happening.

3. Unsolicited Text Messaging

Most people with emails know not to click on strange links sent by unknown addresses, but unsolicited text messages trap unsuspecting people simply because they’re unaware of the threat. Never call a number or go to a link sent via text message if it’s one you don’t recognize. They’re usually messages claiming account discrepancy for either your bank or phone service. If you are sent something like this, delete it immediately in case the scammer also sent spyware with the message.

With hundreds of millions of dollars in assets and over 50,000 members across Honolulu, Hawaiian Tel Federal Credit Union is one of the leading financial institutions in the state. They have a reputation for combining tailored service with technologically advanced personal banking solutions. Learn more about their array of services online, follow their Facebook, Twitter, and Instagram for news and updates, or call 832-8700 on Oahu or toll-free at (800) 272-5255 to speak with a representative today.