Phishing frauds prompt Online Banking changes

September 10, 2010 - Due to the recent increase in Internet banking fraud, members will no longer be able to register credit union accounts as bill payment vendors using Online Banking.

This summer a new Internet scam surfaced in Manitoba that targeted the credit-union-to-credit-union bill payment feature available through Online Banking. As is common with many Internet scams, this crime involved members unwittingly downloading spyware by clicking on an unknown email, which infected their computer. The scammers were then able to capture the members’ personal banking information, which was used to initiate unauthorized transfers from legitimate member accounts to other credit union accounts usually owned by the scammers.

We recognize that the discontinuation of this service may inconvenience some members. If you use the bill payment feature in Online Banking to transfer funds from your account to another credit union account (including Assiniboine Credit Union), please contact an Outlook Financial Representative to explore alternative solutions.

Outlook Financial remains vigilant in our efforts to safeguard members from fraud. Please check Online Security to review simple steps you can take to protect yourself from Internet and other forms of fraud.