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How to Prevent Phishing Scams for Banking Transaction Safety

Phishing is a criminal act, a fraudulent process of attempting to acquire sensitive information such as USERNAMES, USER IDs, PASSWORDS, and CREDIT CARD DETAILS by masquerading as a trustworthy entity in an electronic communication. THIS IS TYPICALLY CARRIED OUT BY E-MAIL OR INSTANT MESSAGING AND DIRECTS USERS TO ENTER DETAILS AT A FAKE WEBSITE WHOSE LOOK AND FEEL ARE ALMOST IDENTICAL TO THE LEGITIMATE ONE.
To ensure the safety of your banking transactions, you should can prevent phishing or scam. Follow this quick guide for preventing phishing:
  • Never follow links in an email claiming to be from your bank. Ignore these types of emails. Banking institutions never ask you to verify your online banking username and password. These links may lead to website that looks like our bank's site but is not.
  • The website linked to in the email may ask you to enter your username and password. DO NOT DO THIS until you have verified you are dealing with your banking institution. Call the bank's customer service immediately.
  • Open emails only from people you trust.
  • If something looks odd, STOP and DO NOT PROCEED (unless you verify).
The best counter attack: "If you receive this kind of phishing emails, ignore, delete and report the phishing to the bank".
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"How to Prevent Phishing Scams for Banking Transaction Safety" was written by Mary under the Banking category. It has been read 2179 times and generated 0 comments. The article was created on and updated on 17 June 2011.
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