Woman surprised looking at phone

Holiday Fraud

Dec 08, 2023
By Charles Broe, VP of Asset Protection

With the holiday season upon us, many of us are feeling festive and looking forward to spending time with family, decorating our homes, indulging in delicious treats, and spreading goodwill. 

However, it's important to remember that scammers will be more active this time of year, trying to cheat people out of their hard-earned money. While we remain vigilant against scams and frauds throughout the year, we must also be aware of the seasonal patterns of fraud.

Number 1Fraudulent schemes are designed to make you feel afraid, which can lead to making decisions that you wouldn't normally make. During the holiday season, fraudsters may try to take advantage of your happy emotions by sending phishing emails that appear to be from "The North Pole" or "Santa". It's important to avoid clicking on links from unknown emails. 

Number 2Always remember to ensure that the websites you shop on and enter your credit card information into are secure. Look for the "https://" in the website address, along with a padlock symbol.

Number 3It’s important to exercise caution when using public (unsecured) Wi-Fi at your favorite coffee shop or restaurant for your holiday shopping. Avoid entering your financial or personal information into a website while connected to such networks. 

Number 4When making online purchases, it’s recommended to use a credit card instead of a debit card. Additionally, refrain from selecting the option to “save payment information” and input the information each time. 

Number 5It is also important to use a unique password for your mobile banking account that is not the same as the password for your social media accounts. Choose a password that is difficult to guess even after browsing your social media profiles.

Number 6It is not advisable to click on links in emails that lead to your favorite online store. This is because cybercriminals create websites that look very similar to the ones we use every day. To stay safe, it is important to navigate directly to the website by typing in the URL. 

Number 7Additionally, it is important to be cautious about leaving packages unattended at your front door. There have been many cases of stolen packages, so it is recommended that you track your merchandise and schedule deliveries for times when you or a family member will be available to receive them.

At MHV, our top priority is to ensure that you and your loved ones have a joyful and safe holiday season while also maintaining financial security. If you have any queries or concerns, please do not hesitate to contact us. Our Member Service Representatives will be more than happy to assist you in any way possible.

Happy Holidays!

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