Online and mobile banking have forever transformed the way people bank, but the digital evolution has a dark side: it is increasingly creating new opportunities for fraudsters to hack into accounts.
Text messaging and email are increasingly becoming vehicles for phishing scams in which fraudsters send phony messages to bank customers and fool them into providing login credentials or account information. Mobile check deposit is touted for its convenience, but it has also created opportunities for "double-dipping" in which thieves scan images of checks into one account and cash the physical checks elsewhere.
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