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Consumers Warned to Avoid Fake E-mails Tied to Bank Mergers
October 9, 2008
Online scammers are taking advantage of tough economic times. While e-mails phishing for sensitive data are nothing new, scammers are taking advantage of upheavals in the financial marketplace to confuse consumers into parting with valuable personal information.
The Federal Trade Commission urges caution regarding e-mails that look as if they come from a financial institution that recently acquired a consumer's bank, savings and loan, or mortgage. In fact, these messages may be from "phishers" looking to use personal information - account numbers, passwords, Social Security numbers - to run up bills or commit other crimes in a consumer's name.
Consumers are warned not to take the bait. The FTC has advice about how to stay on guard against this type of scam. To learn more, read the consumer alert - Bank Failures, Mergers and Takeovers: "A Phish-erman's Special"
References:
Federal Citizen Information Center (FCIC)
October 2008
www.pueblo.gsa.gov
Federal Trade Commission (FTC)
www.ftc.gov
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