According to the FBI, the scam involves a cyber-criminal impersonating the victim’s financial institution’s staff or website in order to obtain access to the account. This typically happens either through social engineering or phishing techniques. The social engineering techniques typically involve texts, calls, and emails.
Keep Yourself Safe
The FBI has issued several tips for how to keep yourself safe from these scams.
- Be careful about the information you share online or on social media.
- Monitor your financial accounts on a regular basis.
- Always use unique, complex passwords.
- Use Bookmarks or Favorites for navigating to login websites.
- Stay vigilant against phishing attempts.
If you were the victim of a financial scam, the FBI urges you to act fast.
“Contact your financial institution as soon as fraud is recognized to request a recall or reversal as well as a Hold Harmless Letter or Letter of Indemnity. Requesting a recall and obtaining a Hold Harmless Letter/indemnification documents as quickly as possible may reduce or eliminate your financial losses,” the FBI urges.
Source: Men’s Journal©
Photo credit: pcbb.com©
Related: Modern scams are getting harder to spot. Here’s what to do – TUTORING YOU
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