WASHINGTON — The FDIC sent out a letter to bank CEOs last week to alert them to fraudulent e-mails that appear to be from the agency.
The e-mails, according to the FDIC, are asking recipients to install unknown software on personal computers. The subject line read: Urgent Notification–Security Reminder. They did not originate from the FDIC.
The fraudulent e-mail describes "a small client utility"–referred to as ProBank–that recipients are asked to install on home and business computers. It claims, "…this utility only starts whenever an online session is opened with a Financial Institution insured by the FDIC, thus it will never interfere with any programs installed on your computer. Please help us combat fraud by installing, ProBank on any computer that is used to open an Online Banking session."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.