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Bank impersonation scams target businesses: how you can stay protected

Summary by Business Daily
Recently, two commercial clients in different states fell victim to a fraudulent scheme that resulted in financial losses. The incidents involved phone calls that appeared to come from their bank's fraud department. Caller ID showed the correct bank name, adding credibility to the call.During the conversation, the caller asked clients to confirm certain charges on their accounts. When the clients denied authorizing these charges, they were told …

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Business Daily broke the news in Arizona, United States on Monday, July 14, 2025.
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