03/02/2018: Refund Scam Warning
The Fed is warning bankers that fraudsters are using stolen tax information to file fraudulent tax refunds. These are then deposited into a stolen client’s account, and then moved to a cybercriminal posing as an IRS agent. The fake agent informs the client that the refund needs to be returned. Banks should be aware of this as the tax season progresses and warn their customers.