Banking Blog

Finance Blogs » Banking » FBI warns of new banking scam

FBI warns of new banking scam

By David McMillin · Bankrate.com
Wednesday, January 11, 2012
Posted: 1 pm ET

Some crafty criminals are aiming to steal one of the most valuable pieces of your personal property: your banking information.

In a new warning, the Federal Bureau of Investigation warns account holders of a new spam email scheme that involves a type of malware called "Gameover." The scheme involves fake emails from the National Automated Clearing House Association, the Federal Reserve or the FDIC. These messages attempt to trick recipients into clicking on a link to resolve some type of issue with their accounts or a recent ACH transaction. Once you click on the link, Gameover takes over your computer, and thieves can steal usernames, passwords and your money.

The FBI also warns the thieves' hacking capabilities can navigate around common user authentication methods banks use to verify your identity, which is certainly a cause for concern. Those additional authentication steps -- often personal questions, birth dates or other pieces of private information -- are meant to provide some extra security padding.

While phishing scams are nothing new to the world of online banking, this type of warning serves as a reminder of just how susceptible account holders can be to malicious attacks. As more account holders begin to jump on the mobile banking bandwagon, it's important to remember that a smartphone essentially acts as another computer. While this additional connection to the Internet is convenient, it also serves as another outlet where your information can be compromised.

Here are a few crucial steps to take to avoid falling victim to this type of Internet crime.

  • Keep your computer and mobile device updated with the newest versions of anti-virus software.
  • If you have any doubts about an email sender's authenticity, do not click on any embedded links.
  • Remember, banks never request any personal information via email.
  • Be vigilant about checking your account balances. The sooner you notice and report any type of fraudulent activity, the more likely you'll be able to be reimbursed for any missing funds.

Have you ever fallen victim to an online banking attack? If so, do you have any tips for other readers to avoid the trap?

«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
466 Comments
youpeople?
March 08, 2012 at 2:58 pm

Can ANY of you speak PROPER english.....and stop crying!

SWANSON
March 08, 2012 at 1:46 pm

EDITH SWANSON got to learn how to speak and write

Darby Diana
March 08, 2012 at 11:37 am

Stay away from banks,use Direct Express if collecting social security,

JPech
March 07, 2012 at 9:25 pm

Seriously they're just finding out about this now? I've been getting this scam in my e-mail for nearly a year now.

Jogger
March 07, 2012 at 8:37 pm

This story is about criminals using bank emails to defraud people who are stupid enough to click a link, I worked for a bank for three years, banks don't ever send out specific emails like this. The bank I worked for also lost tens of millions of dollars a year reimbursing dumb customers due to fraud scams and such, for those of you not reading the whole story and/or are against banks making money..it is a business you know, you dont complain when you go to a fast food restaurant and order unhealthy food. Close out your accounts and see how easy it is to manage your own money, time to learn common sense people...

CONCERNED
March 07, 2012 at 7:22 pm

NOW THE BANKS ARE STEALING YOUR MONEY! IF I DON`T MOVE MONEY IN MY SAVINGS OR CHECKING ACCOUNTS IN A YEAR, THEY TAKE $5:OO A MONTH OUT OF MY ACCOUNTS!!

davenyusa
March 07, 2012 at 5:42 pm

"FBI warns of new banking scam"
Yeah, it's called Obama.

EDITH SWANSON
March 07, 2012 at 4:10 pm

ALSO EXPLAIN WHY WHEN YOU SPEAK UP ABOUT RUDE TREATMENT BY SOME BANKS CITY BANK FOR ONE, AND TINKER FEDERAL CREDIT UNION YOUR MONEY IS STOLEN AT TINKER FEDERAL CREDIT UNION YOUR PERSONEL DOCUMENTS THAT ARE PUT IN A SAFE DEPOSIT BOX ARE ALTERED, THEN YOUR NOT ALLOWED IN THE CREDIT UNION AND YOU ARE A MEMBER!!!! BECAUSE YOU SPOKE UP ABOUT UNFAIR FORCLOSURE PRACTICES ARE YOU HAVE A PHYSICAL DISABILITY(MEDICAL)!!! CITY BANK TERRIBLE CUSTOMER SERVICE ACCOUNT CLOSED!!!!!

delphia
March 07, 2012 at 4:07 pm

i have been hacked for the second time on my hotmail acct and i cannot get into it because they changed my password and hotmail never has been able to assist me in getting my acct back.so i have canceled it by not doing anything on it and notifying all my contacts from the acct...because they have been contacting my contacts requesting money.....this is the second time on hotmail and only once so far on yahoo.....my advise is not to give any info online......

jACQUELINE
March 07, 2012 at 2:38 pm

I was almost gotten thanks to 5th third it didn't happen. You just have to be very careful these days.