The Federal Bureau of Investigation has released a public service announcement warning of fraud schemes aimed at colleges, universities, and their constituents. The May 5 announcement outlines several – unfortunately effective – schemes that have taken off since July 2016, including:

  • Vendor Bank Account Scam
  • Fake “Education Tax” Scam
  • Phishing Scheme Involving Requests for W-2 Tax Information and
  • Phishing Scheme Involving Payroll Fraud

The announcement explains in plain language how each scam works and how schools, employees, and students can guard against falling victim to them. Consider sharing this information with your institutional community and remain vigilant in protecting your systems and data.