Broker Check

Beware of E-mails Posing as “Official” Correspondence from the FDIC

| March 20, 2018
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By now, we have all heard the warning that any e-mails looking “official” from our bank or a government agency (like the IRS) should probably be viewed suspiciously, as they are likely another attempt to scam you. Here’s another one.

The Federal Deposit Insurance Corporation (FDIC) has received numerous reports from consumers who claim to have received an e-mail that appears to be sent to them from the FDIC. The e-mail informs the recipient that "in cooperation with the Department of Homeland Security, Federal, state and local governments…" the FDIC has withdrawn deposit insurance from the recipient's account "due to account activity that violates the Patriot Act."

The e-mail further states that the Federal deposit insurance on their accounts will remain suspended until their identity and account information can be verified using a system called "IDVerify." If consumers go to the link provided in the e-mail, it is suspected they will be asked to provide personal or confidential information, or worse, malicious software may be loaded onto the recipient's computer. 

This e-mail is fraudulent. It was not sent by the FDIC! It is solely an attempt to fraudulently obtain personal information from consumers. Consumers should NOT access the link provided within the body of the e-mail and should NOT under any circumstances provide any personal information through this media. 

The FDIC is attempting to identify the source of the e-mails and disrupt their transmission. In the meantime, if you receive any e-mail notice similar to this, you are asked to report this fraudulent attempt to the FDIC by sending information to: [email protected].   Please feel free to share this notice with others.

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