The "Bank of Montreal Account Removal" Phishing Scam

Bank of Montreal(BMO) customers who have received text or email messages claiming that their accounts will be removed or shut down, are asked not to click on the links or follow the instructions in the messages. This is because the fake messages are phishing scams being sent by cybercriminals to frighten and trick Bank of Montreal customers into clicking on the links in the same fake messages, which go to a phishing website that steals online account credentials and personal information.

Once the cybercriminals have received their potential victims’ online account credentials, they will gain access to their accounts, steal their money and use their accounts fraudulently.

The "Bank of Montreal Account Removal" Phishing Scam

From: BMO ALERT Center
Sent: Tuesday, March 26, 2019 1:44 PM
Subject: Re: loisever@telus.net Your BMO DEBIT Account!
Bank of Montreal - Security Alert
Important Notice from Bank of Montreal
Due to congestion in all BMO accounts, there shall be a removal exercise of all used and unused Accounts.
Bank of Montreal would be shutting down several accounts as your details needs to be updated to the its Database.
Go to your account!

Bank of Montreal users who have received messages asking them to click on a link or visit a website in order to update, reconfirm or verify their accounts, should always go directly to https://www.bmo.com/ and sign-in from there. Once the Bank of Montreal users have signed into their accounts, they will be notified of updates and other important changes, if there is any.

Going directly to Bank of Montreal’s website (www.bmo.com) will prevent users or customers from becoming victims of phishing scams that steal personal information or online account credentials.