In an increasingly digital world, ensuring the safety and security of our information has become more important than ever.
Zelle and Bank of America are calling attention to what is called the “pay yourself” scam. It begins with a text message from a scammer that looks like a fraud alert from your bank. If you respond to the message, you’ll receive a call from a number that appears to be your bank. The scammer then pretends to be a representative from your bank or credit union and offers to stop the alleged fraud.
Data loss can set businesses back critically in procuring lost emails, company records, client files, accounting information, and more. In some cases, data loss can be dealt with by businesses directing needed resources towards data retrieval. However, in worse cases, companies may find themselves trying to rectify a tarnished reputation and dealing with financial repercussions as a result.