Zelle Money Transfer App Target of Social Engineering Attacks

According to financial news portal Finextra social engineering Zelle is huge target for the bad guys.
Many of us Zelle to transfer funds or pay friends. Account takeovers are becoming very popular with cyber thieves.

“Many banks targeted by Zelle fraudsters already experience the cutting edge of social engineering attacks. Phone number spoofing, robocalls and personalized text messages are already widely deployed.”

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