Follow the Money

Follow the money. Crooks apparently are taking that famous line to heart. At the same time the non-profit Move Your Money campaign has successfully urged many Americans to switch to community banks as a way of expressing their displeasure with - too big to fail - corporate banks, thieves are now targeting customers of these smaller community banks and credit unions with phone-based phishing scams. Crooks contact bank or credit union customers via live or automated phone calls (known as vishing attacks) or via text messages sent to cell phones (smishing attacks) that may warn of a security breach as a ruse to obtain PIN numbers. Read more...