Oklahoma City, OK – The Oklahoma Bankers Association (OBA) has issued a statewide fraud alert warning businesses about a sophisticated scam that has already cost companies millions of dollars.
According to the OBA, organized criminal groups are impersonating banks by calling company employees and claiming to be from a financial institution’s fraud department. The caller then asks for online banking credentials or remote computer access under the guise of verifying transactions.
Once granted access, scammers allegedly initiate unauthorized wire or ACH transfers, quickly moving stolen funds to other accounts. Even when funds are recovered, the OBA says, the process can be slow and difficult.
The association cautions that if a business employee provides credentials leading to fraudulent transactions, liability typically falls on the business itself. Companies are urged to never share passwords, authorization codes, or PINs—banks will never request these details.
The OBA encourages business owners and employees to hang up immediately if they receive suspicious calls and to verify any requests using a trusted phone number. Additional fraud prevention resources are available at banksneveraskthat.com.
Representing more than 200 banks across Oklahoma, the OBA says it continues to provide fraud training and prevention tools to help protect communities and local economies.
This article was produced by a journalist and may include AI-assisted input. All content is reviewed for accuracy and fairness.
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