FTC Alert: Spammers Prying on Bank Mergersby Tim Manni
As our economic landscape continues to be reshaped by unprecedented actions by the government and financial institutions alike, the Federal Trade Commission has a new warning for consumers: “bank failures, mergers, and takeovers are a spammer’s new best friend.” The restructuring of our financial system has given birth to newer and more dangerous “phishing” opportunities that allow spammers the chance to steal your most personal information:
Phishers (pronounced “fishers’) may send attention-getting emails that look like they’re coming from the financial institution that recently acquired your bank, savings and loan, or mortgage. Their intent is to collect or capture your personal information, like your credit card numbers, bank account information, Social Security number, passwords, or other sensitive information. Their messages may ask you to “update,” “validate,” or “confirm” your account information.