Officials warn of banking spoof calls draining customer accounts
Updated
Updated · Fox Business · May 5
Officials warn of banking spoof calls draining customer accounts
8 articles · Updated · Fox Business · May 5
The FBI says victims have lost thousands, including a Chase customer who lost nearly $40,000 and a Huntington Bank customer who sent $5,000 via Zelle.
Scammers spoof bank numbers, claim to be bank staff or FBI agents, and use stolen account details to pressure customers into moving money to supposedly secure accounts.
Neither victim had been refunded, and the FTC says any unexpected request to move money, cryptocurrency or gold to protect funds is a scam.
With AI making scams nearly perfect, should US banks be forced to refund victims as they are in other countries?
As AI voice clones can now defeat security, are new phishing-resistant technologies the only way to protect your money?