What is phishing?

What is phishing?

Phishing is an act undertaken by fraudsters to gain your private and sensitive information through emails that appear to be sent by your bank. Such fake emails encourage you to click on a link in the email which leads you to a fake website with a similar look and feel as that of the Bank's authentic website. It is designed so, to capture your personal confidential account information such as Customer ID, IPIN, Credit/Debit Card number, Card expiry date, CVV number, etc.
These fraudsters generally use name of well known and famous banks while creating email id so that people can easily believe.

Customers’ email addresses are obtained/purchased by the fraudster through non-trusted sites where the customer would have revealed his email ID by means of casual browsing or shared it on chat rooms, blogs or mailing lists, etc.



Examples Of Phishing E-mails

Subject of such mails like-

• Transmission Confirmation
• Mandatory Net Banking Security Update
• Your Tax Refund is now available in 12 hours !
• Urgent Notification! From <XXX> Internet Banking
• Confirm your online account details!
• <XXX> Bank Technical Verification
• Alerts!!! Upgrade And Secure Your Online Account Immediately
• Urgent Security Warning
• <XXX> Online Banking Account Security Upgrade

Please visit my below posts to get more information about online scams and steps to avoid-

What is phishing?

Basic ways to determine it is fake/phishing email
Simple steps to avoid falling prey to phishing scams
Important tips for Safe Online Banking or Online Shopping
What is Voice Phishing ?

What banks are doing to protect you from e-mail fraud ?

What should you do if you receive a fraudulent,scam e-mail?