alerts

Money Saving Monday: Scammers utilizing fake fraud alerts to get your information

Date: July 23, 2025

The KXLY report highlights a surge in fake fraud alert scams targeting consumers. Scammers send emails or text messages appearing to come from legitimate financial institutions. These messages use official logos, urgent alerts about suspicious activity, and direct users to click emails or call phone numbers. Victims are then tricked into providing personal information, such as account numbers, Social Security numbers, or one-time passcodes. Once scammers have this data, they can access accounts, steal money, or commit identity theft. The article stresses the realism of these alerts, which often sound official, and urges consumers to verify any suspicious messages by contacting their bank directly—never using links or numbers provided in the message....