Callers Posing as Bank Employees, Warning of Illegitimate Zelle Transfers in New Scheme. Here's How to Stay Safe
Professor Justin Cappos discussed a new phone scam where callers pose as bank employees warning of fraudulent Zelle transfers. Cappos explained that AI is making these schemes more convincing, but noted that the key giveaway is pressure: "You need to make a decision now," as legitimate institutions won't demand immediate action over the phone.
