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March 15, 2023

Banking Scams: Beware Fraudsters Impersonating Banks

The text "Cybersecurity Tip of the Week"

Silicon Valley Bank recently collapsed, creating the second-largest bank failure in U.S. history. Bank failures trigger opportunities for fraud and scams. Staff may receive an increase in fraudulent emails, texts, and calls attempting to capitalize on these events, such as changing bank accounts for employees or vendors.

Action Steps

See our CTR Cyber page for more cybersecurity internal controls to keep you safe at work and at home.

Contact [email protected] with any incidents or suspected incidents of fraud or cyber threats or if you need support from our Statewide Risk Management Team.