Targeting the Zelle

An article that flew under my radar was this one over on Krebs on Security wherein Brian Krebs explains Zelle scams. It’s a fascinating breakdown of fraudsters anticipating how the system works and manipulating victims into bypassing Zelle’s security. Here’s the kicker: it’s not about giving up your password. An important aspect of this scam is that the fraudsters never even need to know or phish the victim’s password. By sharing their username and reading back the one-time code sent to them via email, the victim is allowing the fraudster to reset their online banking password. Brian Krebs Zelle, for those…