Bank of America warns of fake site scam

Bank of America has warned its customers to beware of a scam that attempts to get them to log in to a fake website which then...

Bank of America has warned its customers to beware of a scam that attempts to get them to log in to a fake website which then captures their personal financial details.

The scam is similar to those recently perpetrated in Australia on Commonwealth Bank, Westpac Bank and Australia and New Zealand (ANZ) Bank.

The fraudsters send a spoof e-mail to bank customers asking them to click on a link to a fake site resembling the real bank site. The customers are then asked for their account name and password.

More than 70 customers' accounts were compromised in the latest scam, according to Bank of America, and the bank has helped them  to change their passwords and protect their accounts. The fraudulent site was shut down within 13 hours, and details about the e-mail distribution and its source are under investigation.

The Australian scams also failed to cause any serious damage, with only 50 customers at ANZ needing to have their accounts set up again.

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