The Anatomy of a Bank Imposter Scam: How One Business Account Was Drained of Hundreds of Thousands in Four Hours
Mon 8th Jun, 2026 | Blog by WWMR
It started with what appeared to be a routine phone call from the bank’s fraud department. The callers were highly convincing. They possessed specific information about the business, spoke with authority, and sounded entirely legitimate. Believing they were working with their bank to protect the company’s assets, a business owner spent four hours on the phone following instructions, providing account information, and reading back verification codes. By the time the call ended, the devastating truth …
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