734.641.8400 December 2015
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November 2015
October 2015


2015 PSCU
Board of Directors
Frederick W. Morgan

Carol Palazzolo
Vice Chairperson

Dean J. Trudeau

Edward A. Carey, Jr.

George Sciotti
Bernard Hanus
Nora Sharpley
Credit Committee
Veronica Massey
Huey Ferguson
Juanita Henry
Michael McMicken
2015 Holiday Scam Threats

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2015 Holiday Scam Threats

Produced by Ann Davidson, VP of Risk Consulting at Allied Solutions

As your financial institution gears up for the holidays, it is important you prepare for the increased threat of fraud attacks that this season brings.

Below is a list of the most common types of holiday scams to be shared with your employees and consumers to help ensure you all have a safe and fraud free holiday season. Allied also invites you to attend our free Holiday Fraud Prevention 101 Webinar hosted by NAFCU Services on December 9 to learn about the steps you, your staff, and your accountholders can take to detect and prevent these attacks.

Common Holiday Scams:

  • 'PINless' Fraud - Using counterfeit cards to make purchases under the dollar limit that requires a PIN or signature.
  • Home Delivery Scam - Leaving unsuccessful delivery attempt notices that direct recipients to call a number and supply personal information to have the item delivered.
  • Holiday Job Offer Scam - Posting a fake holiday job opportunity to receive personal information from respondents.
  • Coupon Scam - Promoting an online coupon offer that requires consumers to supply personal/financial information to redeem the coupon.
  • Charity Scam - Requesting over-the-phone or mailed donations to a fake charity.
  • Gift Purchase Scam - Claiming to possess popular gifts on websites or social networks, so they may retain payments for these non-existent items.
  • Property Rental Scam - Fraudulently facilitating home rentals or vacation properties.
  • Gift Card Scam - Selling gift cards that in fact have no value (online or in person).
  • Technology Support Scam - Contacting consumers and asking them to provide private information to repair a threat to their computer or mobile device.
  • Phishing Scam - Requesting personal or financial information from consumers via text, email, or phone call.
  • E-card Scam - Sending an e-card that redirects to the scammer's site when clicked by the recipient.
  • Overpayment Scam - Overstating the cost of items to keep the excess purchase amount.
  • Grandparent Scam - Contacting consumers and requesting funds be wired to assist an injured grandparent or relative.
  • Sweepstakes Scam - Contacting individuals to announce they won a contest/sweepstakes and need to provide payment information for the small cost of interest to redeem the winnings.
  • Chip Card Scam - Telling accountholders that financial information is required before mailing their new chip card. (This information is not required!)
  • Social Media Fraud - Performing identity theft by pulling information posted by individuals on social media sites.
  • Card Reissue/Block Scam - Stating a cardholder must first divulge private information before their debit/credit card can be blocked and/or reissued. (This information is not required!)
  • Wire Request Scam - Submitting a fraudulent wire request and (most likely) advising the request be rushed.

With the marked increase of online and mobile shopping, it is essential that every consumer remains particularly alert and cautious to protect themselves against these cyber threats, scams, and fraud attempts -  not only during the holiday season, but all year long!

Visit our website or contact your Allied Solutions sales representative to find out more about the solutions we offer to help your financial institution remain better protected from financial loss risks.

To view previously sent Risk Alerts you may log into CenterPoint to access the Bond Risk Alert Library under the Bond tab. If you are a Bond client and do not currently have access to CenterPoint, Allied's client portal, simply send an email to

�2015 Allied Solutions, LLC. All Rights Reserved.



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Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.  

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