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Cybercriminals Trick Victims into Transferring Funds to “Reverse” Instant Payments

The FBI issued a warning against cybercriminals launching social engineering attacks and attempting to trick payment app users in the U.S. into making instant money transfers. Cybercriminals are targeting victims by sending text messages with what appear to be bank fraud alerts asking if the customer initiated an instant money transfer using digital payment applications (apps). More https://www.ic3.gov/Media/Y2022/PSA220414