Summary
The FBI’s Internet Crime Complaint Center (IC3) is alerting consumers to a growing fraud scheme in which criminals impersonate trusted financial institutions to steal login credentials and seize control of victims’ accounts. Scammers use these stolen details to access personal and financial data, rapidly transfer funds to cryptocurrency wallets, and lock victims out of their own accounts. Because crypto transactions are difficult to trace or reverse, stolen funds are rarely recoverable. The FBI urges consumers to stay vigilant, verify unexpected communications, and never share sensitive information with unsolicited callers or messages claiming to represent a bank.
Life Hacker
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