The American Bankers Association is warning consumers not to fall victim to a sudden increase in phishing scams that have been reported in states around the country.
According to reports, perpetrators are using automated dialers, text messages or emails to misinform consumers that their accounts have been closed due to fraud. Consumers are then prompted to enter in their card information, including expiration date and three-digit CV code on the back of the card, in order to reactivate their accounts. Those who respond to these inquires run the potential risk of having their information used to fraudulently purchase goods and services or to obtain credit.
To avoid becoming the victim of a phishing scam, American Bankers Association offers the following tips:
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