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FBI Reports $262M in ATO Fraud as Researchers Cite Growing AI Phishing and Holiday Scams

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The U.S. Federal Bureau of Investigation (FBI) has warned that cybercriminals are impersonating financial institutions with an aim to steal money or sensitive information to facilitate account takeover (ATO) fraud schemes. The activity targets individuals, businesses, and organizations of varied sizes and across sectors, the agency said, adding the fraudulent schemes have led to more than $262

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