What is a Phishing Scam?
A phishing scam is a scam which involves tricking you into hand over your personal information. Fraudsters are always on the lookout for personal and financial information to make money themselves.
Fraudsters may contact you for Phishing scam using the following:
- Phone call
- Email messages
- Text messages
- Social media messages
How Phishing scam take place
Scammers may make one or more of the following scenarios then force you to make decisions.
- Technical error with a bank or any financial organisation to account detail has been wiped out. To confirm your account, you may ask to click a link in the messages to provide account details.
- Scammers may phone you to inform that they are sent an authorised activity in your account. Then the scammer will ask to confirm account details.
- Scammers may have already got hold of your credit card number. They may trick to reveal your 3-digit security code at the back of your card.
How can you stay clear of this scam
- Avoid open any links in the email to provide login information.
- Look for the sign of impersonal greeting email messages. Greeting with “Dear valued member” is a clear sign of scam email.
- If the email says, your account locked and need to verify, don’t respond through email. Call your bank to verify your account.
- Avoid login to your bank account using a public wifi connection
- Do an online search about a Phishing email you have received.
- Safeguard your password and account information. Never disclose it to anyone.
- Scam email links are made you divert to a fraudulent bank website which exactly looks similar to your bank website. It is essential not to enter any information on fraudulent sites. If you do, your information is at fraudsters hand.
- Learn about phishing language in emails such as “verify your account”, “your account has been compromised”. Also, look for a sense of urgency in emails.
- Click on padlock sign to verify. You may find your website information by click on the padlock sign of the browsers. Compare with this with your bank valid website address.