The American Bankers Association (ABA) has issued a new warning to highlight increases in phishing scams linked to consumer bank accounts. According to reports, perpetrators are using automated dialers, text messages or emails to misinform consumers that their accounts have been closed due to fraud. Consumers are then prompted to enter their card information, including expiration date and three-digit CV code on the back of the card, in order to reactivate their accounts. Those who respond to these inquires run the potential risk of having their information used to fraudulently purchase goods and services or to obtain credit.
Commonly in phishing scams, con artists claiming to be from a reputable company send out fake emails and other messages in hopes that consumers will respond with bank account information, credit card numbers, passwords or other sensitive information. These emails can look quite convincing, with company logos and banners copied from actual websites. They will often tell you that their security procedure has changed or that they need to update or validate your information, and then direct you to a look-alike website.
To avoid becoming a victim of a phishing scam, the ABA offers these tips:
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