Scam Hits Bank of Chickamauga

In Georgia, the day after Christmas, many residents had a telephone call with a recorded voice telling them their ATM card had been restricted. They were given a telephone number to call and that is when the scammer completed his phishing expedition. He gathered confidential card and account data and was able to steal from these accounts. Many balances were completely zeroed out and more than one hundred accounts may have been affected. The calls all seemed to be made to a 375 prefix. Authorities suspect the scam originated overseas.

The article I reviewed noted that these transactions are not FDIC insured, and that "The Vice President of the Bank says each case will be dealt with individually. But in all likelihood, customers lost whatever was in their account. Chickamauga police and the F-B-I are also aware of this scam." Based on common thefts such as this, Regulation E should protect the consumers. I hope the bank realizes and reviews this. Commercial customers may suffer losses, depending on the banks policies and agreements as Regulation E addresses "consumers."