FTC — Consumers Warned to Avoid Fake E-mails Tied to Bank Mergers

Consumers Warned to Avoid Fake E-mails Tied to Bank Mergers

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.

+ Bank Failures, Mergers and Takeovers: A ‘Phish-erman’s Special