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The FBI is warning Americans about the latest scam, tricking people into transferring funds to "reverse" instant payments.
The scam usually starts with a text that reads something like "Bank Fraud Alert- Did You Attempt an Instant Payment in the amount of $5,000.00? REPLY YES or NO or 1 To STOP ALERTS."
If someone replies "no" another text comes that reads "Our fraud specialist will be contacting you shortly."
A fraudster will call and may even have background information on the victim, convincing them to "send a payment to themselves" to stop the instant transactions - except that payment and your bank information goes directly to the scammer.
The FBI says we should all be skeptical of these texts, enable Multi-Factor Authentication for all financial accounts and be wary of any unsolicited requests to verify any information. [Consumer Affairs]