FBI says new phone scam targets your bank account

 

 

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FBI says new phone scam targets your bank account

via WalletPop Blog by Jorgen Wouters on 6/21/10

Filed under: Technology, Fraud, Consumer Ally

The FBI is warning consumers to be on the alert for scammers who tie up their phone lines while emptying their bank accounts.

These "telephone denial-of-service" attacks are similar to ones that have been used by hackers for years to crash websites by flooding them with Internet traffic. But high-tech criminals are now using automated dialing programs and multiple accounts to overwhelm the phone lines of unsuspecting consumers and small- and medium-sized businesses.

The denial-of-service calls, which can include dead air, advertisements or phone sex menus, are actually diversionary tactics designed to tie up a victim's phone lines. And while the lines are busy, the fraudsters -- impersonating the victims -- raid their bank accounts, online trading and other money management accounts.

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FBI says new phone scam targets your bank account originally appeared on WalletPop Blog on Mon, 21 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.

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