MSB Blog

As fraud continues to evolve, Monson Savings Bank is urging the public to remain vigilant—especially when it comes to unemployment fraud. This type of scam has become increasingly common, with criminals using stolen personal information to fraudulently file unemployment claims in someone else’s name.

What is unemployment fraud?

Unemployment fraud occurs when someone uses your personal information—such as your name, Social Security number, or employment details—to file a false unemployment claim and collect benefits. Victims are often unaware until they receive unexpected mail or tax documents related to unemployment benefits they never applied for.

Warning Signs of Unemployment Fraud

Be on the lookout for these red flags:

• You receive mail from the Department of Unemployment Assistance (DUA) about a claim you didn’t file.
• You get a 1099-G tax form for unemployment benefits you never received.
• Your employer notifies you that a claim was filed in your name.
• You’re denied legitimate unemployment benefits because someone else is already collecting under your identity.

How to Protect Yourself

• Safeguard Your Personal Information: Never share your Social Security number, bank account details, passwords, or other sensitive information via email, text, or over the phone unless you’re sure of the recipient.
  
  
• Monitor Your Accounts: Monitor our credit card statements and bank accounts.
  
  
• Stay informed about current and common fraud attacks.
  
  
• Monitor Your Credit: Regularly check your credit reports for unfamiliar activity using all three credit bureaus by visiting www.annualcreditreport.com.

Report Suspicious Activity:

If you suspect unemployment fraud, report it immediately.

• Submit a claim to the Department of Unemployment Assistance, be sure to save and/or print the confirmation page for your records.
• Contact your local police department and file a police report. Once the police report is completed request a copy of it for your records.
  
  
• Visit the Federal Trade Commission website at www.identitytheft.gov to report the fraudulent activity. 
  
  
• Make major creditors, banks, the RMV, and Social Security Administration aware of the fraudulent activity and identity theft.
  
  
• Monitor your bank accounts and credit card statements.
  
  
• Change all of your online passwords.

Important Reminder

The Department of Unemployment Assistance will never ask for personal information like your Social Security number, bank account, or credit card details via email or text message. If you receive such a request, it’s a scam.

As always, Monson Savings Bank is dedicated to helping you and your personal financing information remain protected and safe. If you are concerned your information has been compromised please contact us and we will be here to help.

Monson Savings Bank Is Here to Help

At Monson Savings Bank, we’re here to help you stay one step ahead. We offer secure digital banking tools, fraud detection services, and personalized support to help protect your information. If you ever suspect fraud or need guidance, please contact us.

Visit our Personal Security Center or our Business Security Center for more information and check out more Safety and Security blog posts to stay informed.

This content is provided for informational purposes only and does not constitute legal, financial, or cybersecurity advice. Personal banking customers should consult with qualified professionals regarding their individual financial and security needs. Monson Savings Bank is not responsible for any losses or damages resulting from the use of this information.