Fraud Prevention

Identity theft is the fastest growing crime in America, but that doesn't mean it has to happen to you, or your accounts. Advantage One Credit Union is committed to serving and educating our members. We maintain this resource for members to educate themselves before ID theft occurs, and to provide resources in the worst case that you are a victim of ID theft.

An Important Notice About the Recent Password Thefts

Recently, you may have heard news reports about the theft of nearly 1.2 billion passwords from more than 420,000 websites by Russian hackers. As part of our commitment to the safety and security of your accounts, we think it is important to educate our members about this incident. There have been no reports that any financial passwords were among those stolen, but we are continuing to monitor this situation carefully.

As the sites affected have not been released, we recommend that you take a moment and change your passwords. As you are assigning new passwords, keep the following tips in mind to help you keep your information safe.

  • Use a separate password for each site, never use the same password for multiple sites.
  • Minimally, use a 6-8 character password that contains uppercase and lowercase letters, numbers and symbols. Short phrases are even more secure.
  • Change your passwords about every three months.
  • Make sure your computer is running anti-virus software.
  • Set up multi-step log-ins when possible.

What is Phishing?

The first recorded mention of phishing is on the alt.2600 hacker newsgroup in January 1996, although the term may have appeared even earlier in the printed edition of the hacker newsletter "2600 Magazine". The term phishing was coined by crackers attempting to "fish" for accounts from unsuspecting AOL members; "ph" is a common hacker replacement for "f".

Phishing is a type of Internet piracy where thieves try to obtain your personal financial information to make purchases or obtain credit.

Since financial institutions are now the leading target of phishing scams, we want to make sure you don't get caught. Typically, a phishing scam will be sent through email, sometimes even claiming to be from a business that you normally deal with. Please be aware that Advantage One will never solicit you by email, telephone, or mail for a username, password, social security number, credit card number, or any other type of sensitive, personal information. Disregard any such requests and delete any type of suspicious email.

If you receive a questionable email, phone call, or mailing that appears to be from Advantage One, please do not hesitate to contact us at 734.676.7000 or at mbrservicecu@myaocu.com

Visit the Federal Trade Commission ID Theft site for more information about how to protect yourself from phishing and other identity theft scams.

Tips to keep you safe from phishers.

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