Watch Out for FedNow Scams
FedNow Image

Watch Out for FedNow Scams

FedNow is a new instant payment service created by the Federal Reserve. This service allows banks from all over the US to provide instant funds to any of their customers. Any consumer could use FedNow to instantly send and receive payments.

In the coming months, we expect to see an influx of cybercriminals trying to take advantage of FedNow’s popularity in their phishing scams. For example, cybercriminals may send you an email claiming that you were sent a payment through FedNow. The email may state that you need to click a link and enter your bank account information in order to claim the payment. Unfortunately, if you enter your banking information, you won’t receive a payment in your bank account. Instead, cybercriminals could steal your money for their own malicious purposes.

Follow the tips below to stay safe from similar scams:

  • Remember that this type of attack isn’t exclusive to FedNow. Cybercriminals could use this technique to impersonate any instant payment service.
  • Think before you click. Cyberattacks are designed to catch you off guard and trigger you to click impulsively. 

Be cautious of unexpected payout opportunities. Remember, if something seems too good to be true, it probably is!

Knowbe4 Logo

Stop, Look, and Think. Don’t be fooled.

Protect your network! Learn more about security awareness training for your team.

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

More Posts

Man Laptop Cybersecurity

SMB Cyber Targets

Majority of Cyber Incidents Now Target Small & Medium Businesses (SMBs) Cybercrime is a pervasive threat that affects individuals across all socioeconomic backgrounds, yet its

Doctor Hands Laptop Image

Unveiling the Human Element in Ransomware Attacks

In recent years, high-profile ransomware attacks have shaken industries and organizations worldwide. As technology advances, so do the tactics employed by threat actors. However, a

SuperPod with WiFi 6E

Plume SuperPod WiFi 6E Specs

SuperPod with WiFi 6

Plume SuperPod WiFi 6 Specs


Plume SuperPod Secs