NCUA - E-Mail and Internet Related Fraudulent Schemes Guidance

GuidanceNational Credit Union Administration (NCUA)Phishing
Risk Management

The purpose of this Letter is to provide additional guidance for combating the email schemes discussed in the recently released Letter to Credit Unions #04-CU-05 Fraudulent E-Mail Schemes. In addition, this Letter is intended to raise awareness of the increasingly common Internet fraud called “phishing.” NCUA encourages credit unions to educate their members, strengthen monitoring systems, and enhance response programs to reduce the potential risk of Internet-related fraud schemes to their organization and members. Such schemes may negatively impact your credit union’s reputation, transaction, liquidity, and strategic risks.

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