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US institutions are warning of a recent increase in fraud related to the movement of digital money

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News Tech: Customers of institutions who participate in the Zelle digital payment network are being alerted of a recent scam.

In these situations, con artists get in touch with bank customers and demand money via Wire Transfer or Zelle. These techniques enable money to be transmitted quickly and in a way that makes it challenging for the money to be found and recovered, thus it is likely that criminals use them.

According to financial experts, certain institutions are reporting a rise in fraud involving digital money transfer.

Due to this, certain banks are advising clients to take the following security measures:

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