Phishing is when someone tries to acquire sensitive banking information such as usernames, passwords or credit card details with an aim to misuse the information.
This can be done by Phishing email messages, websites, and phone calls to steal money from customers.
With advent of technology in the banking industry where banking can be done at your finger tips irrespective of time and place, there are chances that security of the transactions can be compromised as even hackers have become tech savvy.
Here are 5 facts on phishing
1. As a bank customer or a person who is exposed to many financial transactions, which means your details as phone number, email ids etc., could be shared with a number of websites or portals. Customers may receive a fraudulent e-mail apparently looking like coming from a legitimate Internet address.
2. The email suggests in some prompts or instigates you to click on a hyperlink provided in the mail. That hyperlink may re-direct the customer to a fake web site that looks similar to the genuine site.
3. Usually the email has content such as promise a reward or can be a warning penalty on a non compliance.
4. Customer may be asked to update his key personal information, relating to passwords and credit card and bank account numbers etc. Once individuals Clicks on 'submit' button, he gets an error page.
5. There can be phishing calls or via any software. Individuals need to be alert while using the device apart from his own machine.
How to Be careful and not be Phishing Victim?
Never reply to any such spam mails that ask you to update any financial or personal information about your account.
Do not blindly follow any links with spam mails, which leads to other sites asking for your information.
It is better to be protected from these scams by using firewall, anti-spy ware and anti-virus software. Make sure you update software regularly for the safety or your desktop or mobile.