Fedwire Hit With Phishing Scam

Financial institutions are being warned that they may be getting phishing emails that appear to come from the Federal Reserve Bank. The FDIC issued a special alert on Thursday warning of fraudulent emails allegedly coming from the Fed. The email claims that a phishing attack has affected the Fedwire system and that restrictions are in place.

Institutions are warned that the phishing email has various spoofed names and addresses that the email appears to come from, including "System Administration," "Bank System Administration" and "Federal Reserve Bank." The phishing emails contain links to two Web pages that attempt to load malicious Trojan horse programs onto end users' computers. This is not the first time phishers have used federal banking agencies to target phishing victims.

The FDIC says Fedwire operations are not restricted and are operating normally. In its alert the FDIC lists recommendations on steps to take if the email is received. Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section at alert@fdic.gov.

About the Author

Linda McGlasson

Linda McGlasson

Managing Editor

Linda McGlasson is a seasoned writer and editor with 20 years of experience in writing for corporations, business publications and newspapers. She has worked in the Financial Services industry for more than 12 years. Most recently Linda headed information security awareness and training and the Computer Incident Response Team for Securities Industry Automation Corporation (SIAC), a subsidiary of the NYSE Group (NYX). As part of her role she developed infosec policy, developed new awareness testing and led the company's incident response team. In the last two years she's been involved with the Financial Services Information Sharing Analysis Center (FS-ISAC), editing its quarterly member newsletter and identifying speakers for member meetings.

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