ALERT! – New Banking Scam – ALERT!

Published On November 8, 2018 | By Tom Huskerson | Alerts

Yet another banking scam is hitting consumers. Cyber criminals are using a combination of fake text messages and card-less ATMs to rip-off  unsuspecting consumers. According to Krebs on Security the scam has hit big for the criminals very quickly. Krebs reported that the scammers have stolen $68,000 from 125 Fifth Third Bank customers in Illinois, Michigan and Ohio in fewer than two weeks.

How do they do it? Scammers will text bank customers claiming their bank accounts have been locked.  Included in the text is a link sending customers to a replica of the bank’s website . According to Krebs customers are then required to enter their account credentials, “including usernames, passwords, one-time passcodes and PIN numbers.”  With this stolen information the scammers can use it at the card-less ATMs to steal the customers’ money.

Unlike regular ATMs, which require a card and a PIN, card-less ATMs allows customers to use their smart phones to withdraw cash. Card-less ATMs are not a common site but they are expected to grow in popularity. Some of the larger and regional banks are using them including Chase bank.  

Consumers should be alert and never respond to text messages or emails that request sensitive information.  If you receive such messages, or phone calls, either hang up or ignore it and contact your bank or financial institution directly.

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About The Author

Tom Huskerson Bio Born in Richmond Virginia Tom Huskerson is a military veteran who settled in California after his discharge. Tom attended Santa Barbara City College where he began his writing career as a campus reporter. He worked as an intern news reporter for the Santa Barbara News-Press writing feature stories before moving on to San Francisco. At San Francisco State University Tom studied broadcast communications and began to focus on the Internet. He completed his graduate thesis on Internet advertising. Tom was the first student to ever focus on the Internet as a graduate student at San Francisco State University. After graduation he went to work for Zona Research in California’s Silicone Valley. As a research associate Tom supported senior analyst writing on the latest developments in the Internet industry. During the dot com boom Tom worked for several web businesses as a market researcher and analyst. As a writer and researcher Tom has authored various technical works including a training program for Charles Schwab security. Other projects included professional presentations on workplace violence and hiring security contractors. Tom has also written both fiction and non-fiction works and blogging for a travel website. He has published two books of short stories and completed two novels. Tom is the owner of Scribe of Life Literature and Tom is not the chief editor for the OnTechStreet. com. A news and information blog that focuses on tech news for African-Americans. The blog is the result of his desire to inform the African American community of the dangers and benefits of the cyber age. In his blog Tom reports on information security, new and analysis, scams and hoaxes, legal happenings and various topics that arise from the age of information. Tom believes that technology is a necessary tool for black people and they should know what is happening. Tom writes believing that techno speak is for the professional and that valuable information can be communicated using plain language. As a result he has embraced the motto, Less Tech, More Knowledge.

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