FBI Reports $262M in ATO Fraud Researchers Highlight AI Phishing and Holiday Scams

The FBI has issued a warning about cybercriminals impersonating financial institutions to steal money and sensitive information, leading to account takeover (ATO) fraud schemes. These scams target a diverse range of individuals, businesses, and organizations. The fraudulent activities have resulted in losses exceeding $262 million. The FBI urges vigilance in recognizing these scams to protect financial assets and personal data.

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