11/28/2023 0 Comments Snappy panda phishingThe bank can send emails at regular times to warn their users that they never ask for their customers account information. There are several measures that the bank can take to prevent phishing. Learn More Methods of preventing phishing Identity theft may result to huge debts for both the bank and its customers. The main information targeted include social security number, drivers license, credit card, passwords, ATM numbers, birth date, telephone number, mortgage information among others.īoth the bank and its customers incur huge expenses especially in situations where the perpetrators gain the credit card details of individuals. In this crime, the hacker gains the victim personal information and uses it to run up charges on the accounts and then disappears. Identity theft is carried out in conjunction with phishing. For example, the hacker may carefully design emails to lure the banks management team or a specific person into giving vital information which can result to drastic financial loses. The emails are well crafted and contain the target institution jargons and acronyms so convince the victim to open the email and also click on the link. In this case, the phishing email are designed and directed to attack a given person. Through phishing, the bank and its customers may suffer huge financial loses. When the unsuspecting customer enters his information, the perpetrators gain this information and use it to access their online bank accounts, transfer money, purchase items online or gain personal information. These emails contain a link which directs the customers to a fake website resembling the bank’s website. In this case, the attacker sends emails to the bank customers promoting them to change their account information such as the password and username. This is a fraudulent attempt to obtain customer’s personal information through emails. In addition, the bank may lose its reputation, customer base and its overall profitability may be affected in the long run. These threats are potentially dangerous as they result to huge financial loses for both the bank and the customers. There are a number of threats that the first IB bank is exposed to.
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