Federal investigators have announced progress in dismantling an online criminal operation that steals bank account information by mimicking legitimate bank websites.
Bank account takeover fraud is an increasing form of crime that in 2025 alone has resulted in $262 million in losses by individuals and businesses and 5,100 reports of account takeover fraud, according to the U.S. Department of Justice (DOJ). The extent of the fraud prompted the Federal Bureau of Investigation (FBI) to issue a public service announcement in November warning about it.
