Email Phishing – What Is It?
Email phishing is a way for scammers to attempt to collect vital financial and personal information from the people to whom they are sent. This is potentially a very expensive lesson if one falls for the emails. While many are very easy to recognize, others are becoming quite sophisticated and can take even the most astute person
Most email phishing is seen as the attempt of an individual to gain your account numbers or other personal information. This information can then be used to complete a transaction which includes them removing money from your account or stealing your identity.
One type of common email phishing scheme is where someone from another country supposedly needs to transfer funds to a bank account in the U.S. He requests you please help him get his inheritance, or whatever he claims he needs, out of his country. You can do this by allowing him to put the money in your bank account and for this service, you will receive a percentage or set amount. To show good faith, a small amount of money will be transferred to your account. Looks good but the next thing you know, most, if not all, of your money will be drained out of your account. This scam works by addressing your greed – do next to nothing and get paid for it.
Other phishing techniques include sending an official looking email from what one is led to believe is the bank of that individual. This email is requesting that you update the personal information on the website that they have provided a link to. When you hit the link, the website that they have listed is not the website that you goes to, although it often has the same appearance of a bank website. This type of email phishing is of a much higher level of sophistication than other types and can be harder to identify. You should be aware that many, if not all, financial institutions will never request that you update your personal information via a website.
What you can do the most to help with this email phishing problem is to take action and report any email that doesn’t look right. If you receive emails from anyone asking you to do something money wise that you did not request, report it to the authorities. You would much rather report a perfectly legitimate email and have made a mistake than to not have and end up losing your identity or money.
Filed under: Security