Skip to main content

Fraud alert – Current Phone Scam in Our Area
We have received reports in our area of fraudsters, pretending to be bank employees, calling customers saying their accounts have been compromised.  They are asking customers for their Online Banking credentials, full account numbers, passwords, debit card numbers, and CVV numbers. In some cases they are asking customers to download an app to their phones. We will never ask you for this information or request that you download an app. If you receive one of these calls, please hang up immediately and call our
Customer Care Team at 800-339-6573.

 

search
Press Enter to search
All Resources
1 MIN READ

Crypto ATMs: A Scam Alert From AARP

The AARP warns of the latest tool scammers are using to steal money from victims.

FacebookTwitterLinkedInEmail
Cryptocurrency ATM

If you’re like most Americans, you walk right past a tool used to steal a reported $35 million from US consumers last year each time you go out for groceries. Cryptocurrency ATMs are often colorful kiosks that are popping up in supermarkets, convenience stores, gas stations, restaurants, liquor stores and even laundromats across the US. There are more than 49,000 crypto ATMs in the United States, up from only about 1,200 at the end of 2017.

Criminal scammers are always looking for the quickest way to get money from their victims. As awareness and protections around other payment methods increase, crypto ATMs have become their tool of choice.  Because these kiosks look similar to regular ATM machines, they seem more legitimate to victims who are directed to them. The AARP Fraud Watch Network Helpline has heard from countless victims who have been directed to insert thousands of dollars in cash into these machines to address an “urgent” financial matter.

While there are many different scams, there are only a handful of ways that criminals can get paid. If you are directed to a crypto ATM to address an urgent financial matter, it is a scam.

Be a fraud fighter! If you can spot a scam, you can stop a scam.

Source: AARP

Sign up to hear more from us!

required
required
required
FacebookTwitterLinkedInEmail