Interac e-Transfer® interception fraud
Interac e-Transfer interception fraud is a growing trend. By using stolen personal information and guessing security answers correctly, fraudsters can divert and deposit e-Transfer transactions to their accounts. Protect your accounts by understanding your responsibilities as a sender and recipient.
If you think your e-Transfer has been intercepted.
If you think your e-Transfer has been intercepted.
How does Interac e-Transfer interception happen?
Interac e-Transfer interception occurs when a fraudster diverts a legitimate money transfer to their account and deposits the money. Interception can happen when your email has been hacked.
Fraudsters get you to provide personal and account information by sending texts or emails that appear to be from legitimate sources. Selecting the links and inputting your personal information such as usernames, PINs and passwords can expose your email to scammers or make you susceptible to malware.
Once fraudsters have access to your email account, they’re able to see the notifications and links for your e-Transfer transactions. Fraudsters can either guess the correct security answer, use previous answers or check for emails containing the security question and answer to redirect the funds into their accounts.
Any questions?
Tips to stay safe when using Interac e-Transfer
- Only share the answer to your security question with the recipient over a secure method of communication, such as over the phone. Don’t share the answer via email, text or on social media.
- Create a unique security question that only you and the recipient will know. Use a variety of characters (including letters, numbers and symbols) to strengthen your answer.
- Don’t include the answer in your security question.
- Don’t reuse the same security question and answer for multiple recipients.
- Deposit your money automatically without answering a security question when you register for Autodeposit.
- Create strong and unique passwords to protect your bank, email and social media accounts. Avoid including information that’s easy to guess, such as birthdates or names.
- Don’t share your passwords with anyone or use the same password for all your accounts.
- Don’t suggest multiple senders use the same security question and answer.
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Copyright 2024 St.Joseph's Credit Union. All rights reserved.
Mortgage License # 3000020
Copyright 2024 St.Joseph's Credit Union. All rights reserved.
Mortgage License # 3000020
