A Coast Capital Savings branch in Abbotsford. (Black Press Media)

Thieves steal thousands from 140 Coast Capital Savings members

Online fraud tactics included phising and ‘brute force’ in November and December

Thousands of dollars were stolen in a cyber fraud attack at Coast Capital Savings.

Thieves made off with cash from 140 members in November and December, said credit union spokesperson Erin McKinley on Wednesday.

She said while the total amount is unknown, each member lost an average of $3,000 to $6,000.

The credit union is currently investigating each incident.

READ MORE: RBC warns of text message ‘phishing’ scam

They used two forms of common fraud strategies: phishing and brute force.

Phishing is an attack in which fake emails or text messages are sent to people linking to fake websites that ask for account information. It’s commonly listed the Better Business Bureau of Canada’s top 10 annual scams.

“They built a website that looked like Coast Capital Savings… asking people to enter their information online,” McKinley said.

Meanwhile, brute force involves using computer programs to repeatedly guess simplistic account passwords until the correct one is determined.

McKinley said the credit union has notified its members of the incident. Reimbursement is being considered on a case-by-case basis.

Coast Capital has more than 50 branches around B.C., mostly in the Lower Mainland and in Greater Victoria.

NOTE: This story has been corrected. The original said that $3,000 to $6,000 was stolen in total, but that was the estimated amount per member.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

OPINION: Ten signs that Port Alice has changed

“Right now, our lack of amenities is holding back economic growth in our village”

Striking Western Forest Products workers could lose benefits in September

Union, forest company at odds over Vancouver Island benefit payments as strike enters third month

Port McNeill council discusses ‘bear aware’ and what you can do to stay safe

Port McNeill’s Conservation Officer Brad Adams gave a presentation about being ‘bear aware’.

Port Hardy RCMP release tips to prevent fraud and theft from vehicles

In many of the incidents reported, “the vehicles that were broken into were unlocked.”

Stranded hikers rescued by helicopter on Mt. Schoen

Campbell River Search and Rescue used hoist operation to rescue trio

VIDEO: Ride to Conquer Cancer rolls into Hope

Thousands of cyclist descend on small town for annual cancer fundraiser

VIDEO: Ride to Conquer Cancer rolls into Hope

Thousands of cyclist descend on small town for annual cancer fundraiser

Island murder victim’s mom expresses outrage over mental fitness decision of the accused

Smith vows to keep fighting until justice served for Descoteau

B.C. VIEWS: Pipelines set to roll as federal politicians posture

Projects to drive B.C., Canadian economy in years ahead

B.C. Lions fall to 1-9 after 13-10 loss to Ticats

Lowly Leos have dropped six straight CFL contests

VIDEO: B.C. woman meets biological mother, 38 years later

Mother never gave up hope of finding daughter, despite all the obstacles

B.C. man who died after rescuing swimmer was known for helping others

Shaun Nugent described as a dad, a coach, a hero and ‘stand-up guy’ at celebration of life

B.C. RCMP plane chases fleeing helicopter as part of major cross-border drug bust

The helicopter eventually landed at a rural property near Chilliwack

Vancouver Island man dead after reported hit-and-run incident

Oceanside RCMP seek public’s help gathering information

Most Read