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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 …
Fraud Alerts
August 2025
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August 13, 2025
Customer impersonators targeting HELOC accounts in Oklahoma
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 …
November 2024
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November 14, 2024
ATM robberies on uptick
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 …
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November 7, 2024
Be aware of fraudulent emergency data requests
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 …
July 2024
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July 23, 2024
Commercial new account fraud rears up in Oklahoma
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 …
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July 19, 2024
Be aware of Crowdstrike update, scams involving encrypted email, web-shared documents
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 …
June 2024
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June 4, 2024
Jackpotting attacks on ATMs increase across country
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 …
February 2024
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February 21, 2024
Be aware of scams involving crytocurrency 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 …
February 2023
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February 22, 2023
Counterfeit savings bonds becoming issue in Oklahoma
SSA Lantz Stuart, with the U. S. Secret Service, one of our federal partners, has shared information that counterfeit U.S. Savings Bonds are being fraudulently negotiated in financial institutions across Oklahoma. He has notified us that losses were large ($176,000) for the impacted banks in Nevada where it originated and nationwide losses are estimated at over $50 million. This activity …
February 2022
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February 23, 2022
Agency shares info, tools on cybersecurity as Ukraine crisis heats up
The following link is a compilation of Cybersecurity and Infrastructure Security Agency info and tools the OBA’s fraud expert, Elaine Dodd, wanted to provide our bankers. Some of it will not necessarily be new information, but CISA wanted to focus attention to it now due to the escalation of the Russia/Ukraine crisis. https://www.cisa.gov/shields-up