Beware of the Latest Banking Scam!
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 12 April 2019
⏱️ 15 minutes
🧾️ Download transcript
Summary
Learn what the latest bank scam is and how to avoid it. The fraud involved changing direct deposit information of your paycheck.
Criminals are having success posing as CEO's, CFO's and executives requesting their account numbers be changed.
You need to be aware because this can seem very real when you receive an email request.
The article is here.
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Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 550. If y'all know what I mean put your hands up and declare with me |
| 0:13.4 | Yeah, I'm full of faith |
| 0:16.0 | ech times I'm gonna live the good life |
| 0:21.0 | a beautiful and glorious by the glorious. Good Life. |
| 0:25.0 | Step into a world of wealth and financial freedom without budgets, boredom or bosses, on be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P Jones, America's Wealth Mentor. Empowering |
| 0:42.0 | Women and Men Worldwide to financial freedom. |
| 0:45.0 | On today's show, we're going to talk about why you should beware of a direct deposit |
| 0:50.2 | scam that's been going around and fooling a lot of people. Now I actually had direct |
| 0:56.7 | interaction with a scam like this that I'm going to share with you and it was |
| 1:00.9 | through a nonprofit organization that I was on the board of directors for. |
| 1:05.0 | So I know that this is happening and I wanted to make you aware of it because unfortunately |
| 1:12.4 | they're getting away with moving people's direct |
| 1:15.6 | deposits into a fraudulent account. So time to be really aware watch for these signs and make sure that you're paying attention |
| 1:26.3 | to what's going on to your direct deposits with your paycheck. |
| 1:30.6 | So this article comes to us from CNBC and it was written by Kate Fizini. |
| 1:36.0 | There's three bullet points. It says fraudsters are targeting the HR functions of businesses of all types and convincing employees to swap out your |
| 1:45.8 | direct deposit banking information to an offshore account. |
| 1:50.0 | The second point is one non-profit in Kansas City describes several attempts per month involving |
| 1:57.0 | scammers trying to convince payroll personnel to change information about where to send |
| 2:02.1 | employee pay. And the third bullet point change information. |
| 2:03.2 | And the third bullet point says the IRS has warned of an uptick |
... |
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