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Bank of America Warns About Recent Scams That Request Zelle Payment Due to ‘Suspicious Activity’

Bank of America recently sent a customer service email warning users to watch out for this new phishing attack.

Threat actors are sending realistic texts requesting that you send money using Zelle® as payment due to a “fraud alert.” These texts make the warning look legitimate, and if you respond to the text then you’ll receive a call from a fake representative.

This person will use social engineering techniques and will trick your users into asking for you to send money to yourself through the Zelle® payment method. In reality you’ll be sending the money directly to these scammers’ pockets, and they will be able to receive your money into their account.

Check out this 1:22 animated video from Zelle on how to spot this type of scam and share it with your users:
https://blog.knowbe4.com/heads-up-bank-of-america-warns-about-recent-scams-that-request-zelle-payment-due-to-suspicious-activity

Filed Under: Blog

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