BP Aftermath: Fear of Fraud

Phishing Scheme is First Sign of Fraudsters Targeting Gulf Coast

Tracy Kitten, Managing Editor

 
Financial institutions in states along the Gulf of Mexico are taking action to prepare for the long-term financial impact of the BP oil spill - including fraud attempts against customers.

One Alabama bank last week reported a phishing scheme that enticed customers to click fraudulent links, using BP relief and recovery funds as a guise. All of the Alabama association's banks have been warned of this scheme, according to Dan Bailey, chief executive of the Alabama Bankers Association. Banks also have been urged to keep close watch out for a new wave of counterfeit checks, though no reports have yet been made, Bailey says.

To read the entire article, click here - http://www.govinfosecurity.com/articles.php?art_id=2764&rf=2010-07-19-eg