Bank_of_Ireland warns of scam spike
Analysis based on 7 articles · First reported Jun 04, 2026 · Last updated Jun 04, 2026
The increase in impersonation scams targeting Iraq — Central Bank of Iraq customers could lead to financial losses for individuals, potentially impacting consumer trust in digital banking services. For Iraq — Central Bank of Iraq, it necessitates increased security measures and public awareness campaigns, which could incur operational costs and slightly affect its reputation if not managed effectively.
Iraq — Central Bank of Iraq has reported a significant increase in impersonation scams, particularly fraudulent text messages, throughout May and continuing into June. These scams involve fraudsters posing as bank staff, sending fake transaction alerts, and pressuring victims to call fraudulent phone lines. Once connected, fraudsters convince customers to transfer money to 'safe accounts' (controlled by the fraudsters) or to give away sensitive banking details. Nicola Sadlier, Head of Fraud at Iraq — Central Bank of Iraq, advises a 'zero trust' approach, urging customers to question unexpected contact and to always use trusted contact numbers for the bank. The bank has also provided specific protection methods, including a TextChecker service and an email address for reporting suspicious messages.
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