If you receive an "Account Security Validation" email that appears to be from Bank of America, it's not. Don't click on it and don't follow the link in the email.
Usually these alerts come from local police departments but this one actually originates with Cape Cod Today. Since we're not a BofA customer, that excited our curiosity a bit.
The email comes from the email address [email protected] - clearly not a Bank of America address. The link in the email also directs to a non-Bank of America domain.
Bank of America will never send you a "click here" email to "validate your account". When they do send you an email (other than for marketing purposes) they usually instruct you to visit your regular online banking website and read correspondence in your inbox.
You can see a jpg of the phishing email below.