17 May

Avoid Scams! Five Things Your Bank Will Never Ask via Email

“Dear Customer

We have noticed that your account was accessed from an unauthorized device. Keeping your account secure is our primary concern, therefore we have temporarily limited access to your account. This is to safeguard your account from being accessed by others.

To restore access to your account please follow the link below to confirm your information. Thank you for banking with us.

Regards
(Bank Name) customer support”

It’s only normal for you to start worrying after receiving an email from your bank similar to the one above. The horror stories of people being robbed of their last penny is enough to make you hit the delete button. Its individuals with creative minds and criminal instincts that create these messages and forward them to your email.

Email Scams – Or as it more commonly called today, phishing, is a fraudulent attempt to lure you into disclosing confidential information or install malware on your PC. Cyber criminals are on a crusade of sending fake email messages to thousands of online bankers and anyone who is part of a company they can phish.

Online banking offers us a lot of benefits, so it’s up to you to be on the lookout for scam emails. This post will help you to identify scam emails, below are a few things your bank will never ask you online but a scammer will.

Click the Link and Enter Your Details When Prompted

This is a common trick used by cyber thieves today to get you to voluntarily surrender private information. The emails are always worded to look legitimate and may even bear the bank or company logo; however, you should avoid clicking on any links and entering your banking information – especially your PIN and password.email scams

If the email is real then your bank will be more than willing to confirm it. Give them a call or visit the official website directly to make any changes to your account. In most cases the link address will look real but it’s always best to travel the safe route – go to the website from a new window. .

Insert Your 4 Digit Pin

This is obvious but still worth mentioning. Too many people today willingly enter their PIN in different online mediums that they are visiting for the first time. Paying by card has become the norm online and in stores, regardless of whether or not there is another payment option available. It’s convenient, quick, and it saves you the trouble of carrying around cash. The downside is that it puts you at risk of becoming a victim of credit card fraud. Since 2013, credit card fraud in Europe has reached a new high with card holders losing over £450.4 million, a 16% increase from 2012.

Although government and private entities have made some attempts to reduce credit card fraud, there are still many criminals that are trying to get people to share their PIN online via scam emails. In most cases they will create a situation that needs to be rectified urgently to trick you into changing your PIN.

In these cases it’s best for you to visit or call your bank immediately to confirm the situation. Your PIN should always be kept confidential. Even when you visit your bank to change your PIN, the assistant will give you privacy to enter your new PIN.

Download The Form Below and Fill In The Details

Email service providers, for example Gmail and Hotmail, will filter out suspicious emails as spam but their methods are not always effective. Most cyber criminals today are intelligent – there is no denying it and the problem with most of these email service providers is that they underestimate the skills of these criminals.

One of the most recent techniques being used by scammers is to create malicious PDF files with email bank scamsoftware-locking ransom ware. Once you’ve entered your information in the file it will be delivered with your personal details to their server. The scary thing is that with this bit of information they may be able to gain access to your PayPal, eBay and even your social media accounts.

There are a few ways in which you can spot dangerous attachments in an email. For example documents with .exe are Windows programs which most email services will block automatically but if somehow they end up in your inbox you should hit the delete button. There are many other harmful extensions like .hta, .bat, .msi, .js, and .wsf; that may end up in your email. Someone may also email harmful files to you in an archive. This way your antivirus and email scanners will not be able to examine the file creating ways for malware to go unnoticed.

Test Transaction

Your bank will not email you telling you to perform test transaction but a scammer might. Generally they will claim it is to resolve technical problems or to transfer your funds to a new account for additional safety but in most cases it is a scammer tricking you into sending your money to their personal account. A poll conducted in England revealed that 3 million people prefer to conduct test transactions while 4 million would agree to transfer their money to a safe account.

A bank would not respond to suspicious activities on your account by asking you to transfer money to resolve the problem. It is more plausible that they would suspend the account until they can verify that your account was not accessed by an outsider.

Contact This Number

Technology has brought us a lot of joy but it has also make it much easier for criminals to exploit our hard earnings. Police National Coordinator for Economic Crime, Steve Head agrees. Criminals can now steal from you in more sophisticated ways by using smart devices, such as cell phones. You should be familiar with your banks number and always avoid calling strange numbers.

If you don’t know your bank’s number you can verify it easy by visiting their official website or you might have a business card from your personal banker. Look for https:// in the website address. If you’ve also received a letter from your bank their number should be listed on the letterhead.

In addition, instead of getting you to call, a scammer may also ring your phone directly and pretend to be a representative of your bank. Voice phishing is very common today and it is used by criminals to obtain confidential information. They might ask for your PIN, ask that you disclose information related to your account, or ask that you authorize payments. To take things a bit further they may ask you to call your bank and remain on the line to listen in on your call.

Keep Alert

Reading this post is your first step to avoiding scams. Stay informed and always be sceptical when you receive an email that seems to be from your bank.

Some banks don’t even have email addresses but you may not remember this if caught off-guard. Always verify all emails before taking action and the best way to do so is by visiting your local branch.

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