Many local financial institutions (including UMassFive) and federal law enforcement agencies are seeing a recent rise in fraud attempts targeting consumers.
Over the past year, scammers have increasingly relied on impersonation—often posing as a bank, credit union, or government agency—to trick individuals into sharing login information or one-time passcodes. These schemes frequently begin with an unexpected call, text, or email claiming that there is an urgent issue with your account, like a pending transaction for a large dollar amount, followed by pressure to verify personal information, such as your Digital Banking login, so that you can take “quick action.”
