Fraud Alerts

Your Oklahoma Bankers Association issued a media alert this afternoon about an account takeover fraud event that has already resulted in millions in losses for Oklahoma businesses. The OBA suggests banks should proactively contact business online banking customers (especially those with PPP loans listed online) via a message on the online banking log-in landing page, phone calls from an account …

Multiple ATM jackpotting attacks took place in the last week in Arkansas. Specifically, recently in Russellville, Fayetteville and Hot Springs, and last night in Van Buren and Mena. This is a reminder to all financial institutions with island ATMs to make sure they are alarmed at all times and to respond immediately to an alarm alert. Ask local law enforcement …

Several OBA member banks have reported losses recently from a sophisticated form of account takeover followed by mobile wallet fraud. These losses can accumulate quickly and customer impact can be great. Although this alert (.pdf) is quite lengthy and detailed, we hope it provides you the information needed to be ready when (not if) this scheme targets your area or …

OBA’s Fraud Division has issued an alert regarding traveling customer impersonators currently in Oklahoma. Presenting counterfeit U.S. Military ID and targeting HELOC accounts is the latest trend for this fraud scheme and it’s causing financial institutions substantial loss.  Alerts on CrimeDex indicate the HELOC withdrawal request may result in outgoing cash, cashier’s checks, or wires. Loss mitigation: Talk to your …

Area law enforcement agencies are expecting an increase in ATM service technician robberies for at least the next several months. Already, there has been three attempts in the last month and a half: – 4:20 p.m., Sept. 30 — Two masked suspects robbed an ATM service technician in Midwest City. – 11:49 p.m., Nov. 8 — There was an attempt …

Earlier this week, the FBI issued a Private Industry Notification involving fraudulent emergency data requests. An emergency data request is from a government authority used in emergency circumstances to request information immediately from a business. The process also bypasses additional reviews of the request for legitimacy. What is most alarming about the alert is the indication cyber-criminals are selling guides …

There is a new fraud trend hitting Oklahoma financial institutions involving U.S. Treasury checks, ID theft and new accounts. Losses can be significant as many of these checks exceed $100,000. Please share this information will all areas of responsibility involving new business accounts and check deposits. Legitimately issued checks are being stolen in bulk. Individuals involved in the scheme travel …

Krebs on Security published an article detailing the latest on the Crowdstrike update leading to issues across the globe. Click here to read the article. Additionally, ABA President and CEO Rob Nichols released this letter addressing the issue. Starting earlier this month the OBA and many other financial institutions across the country have received malicious emails purportedly from employees at …

The U.S. Secret Service is alerting financial institutions to an increase in ATM jackpotting attacks. ATM jackpotting attacks can cause significant loss, and a new type has been seen lately. On June 3, between 2:30-3:30 a.m., suspects in a light blue Chevy Cruze with a temporary tag expiring Aug. 1, 2024, attempted to conduct malware-style jackpotting attacks on drive-up ATMs …

OBA-member banks and banks across the nation are seeing an alarming increase in customers withdrawing large sums of cash and entering the cash into a local cryptocurrency ATM based on instructions received from a scammer. The Oklahoma Bankers Association urges our bankers to have conversations with their customers about these prolific scams. Bank employees should notify a supervisor when they …