The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back
Krebs on Security
NOVEMBER 19, 2021
In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. The fraudster then uses Zelle to transfer the victim’s funds to others.
355 
Let's personalize your content