Iowa Banks Alert Businesses: Protect Yourself from “Account Takeover Scams” | PRIMENEWSNOW

Alert for Iowans: Beware of Account Takeover Scams

JOHNSTON, Iowa (KTTC) – Residents of Iowa are being cautioned by the state’s banking sector about a surge in account takeover scams.

Rising Threats to Business Accounts

Financial institutions across Iowa are witnessing an increase in sophisticated fraudulent activities targeting business clients.

Deceptive Communications

The Iowa Bankers Association reports that business clients are receiving messages that seem to originate from their banks.

This scam involves a phone call impersonation, followed by a seemingly authentic text message. The message includes a link to a fake login page that closely resembles the bank’s official site.

How Scammers Operate

The counterfeit website is designed to steal customers’ online banking credentials.

Once the scammers obtain this information, they can access the real banking site, gaining full control over the customer’s online banking account.

Protective Measures

Banks in Iowa strongly advise customers to confirm any requests for financial details directly with their bank before proceeding.