Sunday, October 28, 2012

ACH Fraud

Have you heard about Bank account theft through email? Well this happens through Phishing email that someone who may not be aware of think this email is legit. One technique they used is an email that your Bank Account was compromise and you have to Login to change your password through a link. A link cna be an ACH Fraud orin other words Automated Clearing House network. This is a form electronic funds transfer between bank accounts using a batch processing system and anyone can do this if they know your bank account and routing number. This scheme is very rampant nowadays and they best way to protect your bank account is to delete this email or call your bank if you are not sure about the legitimacy of this email.