- Phishing is a fraudulent act where e-mails, text messages and pop-up messages are sent to users claiming to be from a reputable financial institution or e-commerce site - to get the victim to release personal information.
- Skimming occurs when fraudsters capture credit/debit card numbers using a special storage device when you are processing your card.
- Change of address: Online hackers deliberately divert your billing statements to another location by completing a change of address form.
- Traditional theft: wallets containing bank and credit card statements and other financial information.
- Phone fraud: fraudsters use false pretexts to obtain your personal information from financial institutions, telephone companies, and other sources.
- Dumpster diving: fraudsters rummage through trash looking for bills or other papers with your personal information on it.
- Fake Mobile Apps - Those are increasingly being seen in the Cyber landscape and they are designed to steal Online Banking credentials. Currently, a pair of malware, Android/FakeBankDropper.A and Android/FakeBank.A is widely being spread and spoof legitimate apps.
Remember:Ignore unsolicited e-mails that urge you to transfer your money.
Remember:The higher the promised return, the higher the risk! Please take time to evaluate the legitimacy of an offer.
Remember:Skip these offers. Don't send money now on the promise of a pay-off later. Be aware of whom you are dealing with.
Remember: DELETE suspicious e-mails. Remember that virus writers can use known hoaxes to distribute destructive trojans as attachments.
This software captures the user's keystrokes, including Internet Banking login credentials, and sends them back to the fraudster.
- Slow down, malfunction, display of repeated error messages
- No shut down or restart
- Barrage of pop-ups - even displayed when you're not surfing the web
- Hijacked browser - display web pages or programs you didn't intend to use, or send e-mails you didn't write
- New and unexpected toolbars
- New and unexpected icons on the taskbar of your computer or on your desktop
Phishing involves seemingly credible e-mails sent to users, claiming to come from legitimate organisations such as Banks, auction sites, or online merchant sites etc. That fraudulent, but official-looking e-mail is sent in an attempt to con users into divulging personal and/or financial information. The e-mail directs the victim to a similar-looking website of the organisations' legitimate sites where it requests him to enter, verify or update his personal and financial information in view to steal them.
Even if the genuine website is accessed at first click, a fake pop-up window appears to make it more credible. Fraudsters also happen to lure victims into filling an online banking survey with a monetary reward at the end. These surveys are often sent through e-mails.
Phishers also use phone and SMS to scam users into providing sensitive information.Generally, messages from phishing scams often use a sense of urgency to induce the user into taking action.
Remember: Never respond to e-mails that request personal and financial information and never click on a link in such e-mails! No MCB staff will ask you for your Internet Banking credentials.
In possession of the victim's information, the phishers appeal to 'transfer agents' in the same country as the victim to handle money transfers for them. They recruit individuals also known as mules - by advertising attractive employment opportunities with high rates of pay, minimal hours of work with no specific qualification required.
Once recruited, the mules receive funds into their accounts and they are then asked to take these funds out of their accounts in the form of cash and send them overseas (minus a commission payment), typically using a wire transfer service.
Money mules are recruited by a variety of methods, including spam emails, adverts on genuine recruitment web sites, approaches to people with their CVs available online, instant messaging and adverts in newspapers. Important Note: Beware of easy money! Learn about the company.