Main Menu

Financial and Lifestyle Resources for Vermont

VSECU Blog

In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.

Steve Timmons

Steve Timmons is our Fraud Coordinator. Steve makes sure that our members’ identities are protected and helps members understand what fraud is, how to identify scams, and how to protect themselves and their family members from being defrauded.

By: Steve Timmons

February 7th, 2017

Protect Your Accounts from Post-Holiday Cybercrime

Identity and Fraud Protection

Listen Here: The holidays are over, but that doesn’t mean you should stop protecting yourself from cybercrime. Fraudsters get busy during the holiday season, harvesting information from the credit cards of generous shoppers. After the holidays, they use the data they’ve collected to wreak havoc on their victim’s accounts.

Read More

By: Steve Timmons

November 17th, 2016

Don’t Let Credit Card Fraud Ruin Your Holiday Season

Identity and Fraud Protection

Credit Card fraud is on the rise and is especially common during the holiday season. In a Reuter’s article addressing holiday fraud last year it was indicated that an upswing in fraudulent activity occurred, increasing from 1 in 114 transactions in 2014 to 1 in 86 transactions in 2015. The expectation is that holiday fraud will continue to rise in 2016, even as EMV “chip” cards and technology become more common. Although the switch to chip card technology has occurred, it is anticipated that fraud on e-commerce transactions will increase as fraud in brick and mortar establishments decreases.  This is based on what was experienced in Europe after the conversion to EMV chip cards occurred there.  Fraudsters shifted their activity from brick and mortar purchases to e-commerce (internet purchases).

Read More

By: Steve Timmons

March 7th, 2016

EMV Chip Cards: Limit Credit Card Theft

Credit and Debt | Identity and Fraud Protection

What an EMV Chip Card Is and How It Protects Your Information A Europay, MasterCard, and Visa® (EMV) chip card is a payment card that is designed with a chip that protects your card and account information by dynamically authenticating card transactions. EMV chip cards have been adopted around Europe, Latin America, Asia, and Canada and are becoming more prevalent in the United States. That said, despite their increased popularity, many card holders do not understand the technology and are not reaping the benefits of the enhanced protection they offer.  

Read More