FBI Warns of Surging Financial Scams Targeting Account Holders
The FBI's Internet Crime Complaint Center has issued a stark warning about a sharp rise in financial scams, with criminals increasingly impersonating banks and other institutions to steal funds. Account Takeover Fraud Schemes have already resulted in over 5,000 complaints and losses exceeding $262 million.
Scammers deploy sophisticated social engineering tactics, including spoofed calls, texts, and emails that mimic legitimate communications from financial institutions. Phishing links often direct victims to counterfeit websites where login credentials are harvested under false pretenses of fraud prevention.