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WFCU Credit Union and financial institutions across the country have seen an increase in cyber fraud. To combat the rising level of fraudulent activity and risk of identity theft WFCU Credit Union, in November 2017, launched a Fraud Prevention and Information Program. The program includes online access to tips and critical information to encourage individuals to take an active role in protecting themselves against potential threats.  This initiative has been put in place to help educate and protect individuals from potentially devastating fraud situations.

“Protecting our members against cyber fraud and other forms of fraud is a priority. As the world of electronic banking becomes more convenient, so does the increase in fraudulent activity” – Eddie Francis, President and CEO

Two important ways to combat cyber fraud is to always monitor your account and to sign up for security alerts. As an added online security feature with WFCU Credit Union’s online banking, members can sign up for specific security alerts, sent directly to an email or mobile device. These alerts allow our members to stay one step ahead of cyber criminals and should not be ignored. All alerts that look suspicious should be brought to WFCU’s attention to be addressed immediately.

Other important tips to always keep in mind include:

  • Use complicated passwords, never share them and remember to change them regularly.
  • Don’t click on links in suspicious e-mails.
  • Never share confidential information via e-mail.
  • Install anti-virus software on your device and keep it updated.
  • Don’t log into your online banking on public computers or public Wi-Fi.

Just as innovation through technology is constantly changing, criminals are always looking at, and inventing new ways to take advantage of individuals who are vulnerable and unaware.  To learn more about the latest fraud activities and how you can reduce your risk of falling victim to fraud, please visit online.

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