Email purporting to be from the Bank of Montreal (BMO) claims that your card has not been enrolled in the bank’s new authentication service. It warns that you will not be able to use your card until you click a link to enrol.
The email is not from the Bank of Montreal. The claim that you will not be able to use your card until you click to enrol in an authentication service is not true. In fact, the email is a phishing scam designed to steal your personal and financial information.
Clicking the link opens a fraudulent website that asks for your bank login details, your credit card numbers, and other personally identifying information. This information can be collected by scammers and used to hijack your BMO account and commit credit card fraud. If the scammers are able to collect enough of your information, they may also attempt to steal your identity.
Last updated: November 30, 2016
First published: November 30, 2016
By Brett M. Christensen