<modsnip> Lately fraudsters manage to clone phone numbers of known banks and police stations, and 2 different people call victims, telling them their funds are not secure anymore on their BA, that they need to transfer the money to a new BA.
After the fake police call, the victim receives a call from the fake bank officer. The victim recognizes the phone number or they search on internet and get reassurance that the number that called is the bank. They agree to trnsfer to their new BA, which is actually not theirs. When they realize the fraud, the criminals are long gone with the money.
This is called an Impostor Scam.
More worrying now are those using AI and targeting especially vulnerable/ elderly people, such as the so called Grandparent scams.
“If you get a call from someone who sounds like a grandchild or relative asking you to wire or transfer money or send gift cards to help them out of trouble, it could be a scam.
Artificial intelligence has made it easier for scammers to clone voices and alter images to make it seem like someone you know needs help. Meant to play on your emotions, this scam is among those commonly used to
target older adults, especially during the holidays.”
Source
What are some common types of scams? | Consumer Financial Protection Bureau
