ST. LOUIS – As fraudulent scams grow more sophisticated, First Mid Bank & Trust (First Mid) is sounding the alarm about a new type of social engineering fraud that is gaining traction and causing people to unwittingly give scammers access to their bank accounts. Social engineering fraud is when criminals impersonate trusted sources, like a bank or vendor, to convince people to share sensitive information and login credentials. Unlike malware-based hacks, these attacks rely on phone calls, emails, and text messages designed to gain a victim’s trust, often using urgent language and personal details to appear legitimate. “These fraudsters are professionals targeting the human side of banking,” said Alyssa Newmister, Director of Treasury & Digital Solutions at First Mid. “They know what information to ask for, how systems work, and how to sound credible. They’re using urgency and false authority, dropping case numbers or personal details, to pressure
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