“Card Cracking” Scams Hitting Young Credit Union Members Hard

The scam is called “card cracking” and can start off innocently enough, when a member responds to a post on a social media site announcing a contest, or perhaps a webpage claiming to have a celebrity affiliation offering a gift card or some form of giveaway. The variations are endless, but there’s always a tip that it’s fraud. When your member is asked for their bank account information, PIN number, or online banking credentials. This is when the average person cut’s and runs, but it only takes a few people to go along with it for fraudsters to score.

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