The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back
Krebs on Security
NOVEMBER 19, 2021
Naturally, a great deal of phishing schemes that precede these bank account takeovers begin with a spoofed text message from the target’s bank warning about a suspicious Zelle transfer. “Then the fraudster will say, ‘I’m going to send you the password and you’re going to read it back to me over the phone.'”
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