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protect Your Finances: Safeguarding Against Account Fraud

WASHINGTON,D.C. – June 24, 2025 – A surge in sophisticated financial fraud schemes is prompting heightened warnings from credit unions and security experts nationwide. Consumers are increasingly vulnerable to account compromise, necessitating a proactive approach to financial security. Protecting your financial accounts requires diligence and the adoption of robust security measures, both provided by your financial institution and implemented by you.According to the Federal Trade Commission, reported fraud losses exceeded $10.9 billion in 2023, a significant increase from previous years [[FTC]].

Understanding the Evolving Threat Landscape

Fraudsters are employing increasingly complex tactics, ranging from phishing emails and malicious software to sophisticated social engineering schemes. These attacks aim to steal personal and financial information, enabling unauthorized access to accounts.The rise of artificial intelligence is also enabling more convincing and personalized scams, making it harder for individuals to discern legitimate communications from fraudulent ones. A recent study by Juniper