Public Warning: Phishing Attempts from Individuals Misrepresenting the BMA (2024-10-01)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority (BMA) alerting the public to a phone phishing (vishing) scam in which a caller falsely claimed to be a BMA employee and attempted to obtain personal banking details from a member of the public. It is purely informational and does not create ongoing regulatory obligations for licensed entities.

• Nature of scam: A caller misrepresented themselves as a BMA employee to try to obtain personal banking information from an individual.
• BMA clarification: The BMA states it never requests personal banking details from any person and does not represent any local or international bank.
• Recommended action: Individuals receiving such calls, texts or emails should not provide banking details, should avoid clicking links or opening attachments, should contact their own bank directly, and may report the matter to the Bermuda Police Service.
• Reporting suspicious contact: Suspicious calls or emails purporting to be from the BMA should be reported to the BMA's Corporate Affairs Department using the contact details provided.