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COMMOM FRAUD SCAMS

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Avoid the Most Common Online Scams

The best way to avoid common fraud scams is to understand how these scams usually work. Here is a list of some of the most common ways that fraud perpetrators and identity thieves trick their victims.

If you have been the target of fraud or attempted fraud, contact us immediately.

*Please note, if PlainsCapital Bank contacts you regarding actual fraud on your account, we will NEVER ask for your user name, passwords, PINs, or a security/passcode through unsolicited emails, phone calls, text messages, or pop-up windows.

Common Business Fraud Scams

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Business Email Compromise
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Cybercriminals trick company employees into transferring large sums of money to them by impersonating CEOs and other company executives in spoofed or masqueraded emails. The schemers first study their intended victims by using the company’s website, social media and Phishing to get information like employees’ names, job titles, email addresses and phone numbers. With the company’s information, scammers can spoof or fake an email to an employee who they know can transfer money or pay invoices for the company, making the email look like it is coming from an executive officer or other trusted source.

Corporate Account Takeover
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Wire Fraud
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Common Consumer Fraud Scams

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Online Banking Scam
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This scam is similar to the overpayment scam except, in this case, the scammer does not send a check to the victim. Fraudsters will contact you, usually over text or email, claiming to be a familiar company (ex. Amazon, Apple, Norton Life Lock). The scammer will claim that the company issued a refund, but the payment was an excess amount of money.

 

The scammer will request remote access to your computer and advise you to log into your online banking account in order to verify the overpayment. Then the scammer is able to make transactions from your account. They will transfer funds from other accounts you are a signer on to make it appear as if an overpayment was made (for example, transferring $1,000 from a savings account to a checking account). Then you will be asked to wire out money to the scammer to correct the overpayment.

 

In another version of this scam, fraudsters will contact you via text or email claiming there is fraud on your account. The scammer will request remote access to your computer and then advise you to log into online banking. Once they have access, the fraudster will put up a fake page so you cannot see what they are doing and secretly transfer money out of your account via Zelle®. If the scammer makes a transfer while they have access to your computer and online banking, it will not appear to be suspicious activity to the bank, as it is originating from your normal IP address (your device).

 

You should NEVER grant someone access to your personal computer when you are logged into your Online Banking account.

  • If someone asks you to grant them access, you should hang up and call the company back directly at a phone number known to you to verify the story you were provided.
  • Remember, if you conduct the wire request to the bank directly, and these funds are sent out to the scammer, it is very difficult to recover those funds. More than likely, you would not get these funds back.​​​

Smishing Scam
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“Card is Locked” Text Phishing Scam
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Blood and Cocaine Scam
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"Work from Home" Job Scam
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Romance Scam
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Overpayment Scam
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Card Cracking
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Skimming
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Phishing
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Smishing
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Mystery Shopper Scam
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Other Fraud Protection Resources

Baby Boomers

How Baby Boomers can keep their money safe.

Traditionalists

How traditionalists can keep their money safe.

Millennials

How millennials can keep their money safe.

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