Phishing Scams and How to Avoid Them
Overview of Phishing ScamsPhishing scams are just another attempt to get valuable information. Scammers send a mass email to every address they can find. Typically the message will appear to come from a bank or financial institution. The email states that you should update your information for one reason or another, and they usually provide a link that you can click to do so.
This all sounds reasonable and it may look legitimate, but phishing scams are anything but legitimate. The link provided does not take you to the financial institution’s website. Instead, you’ll be submitting your information to a website run by the scammers.
Why Scammers Use Phishing Scams
Why would somebody do this? Well, you can gather a lot of juicy information with a phishing scam. First, you can get somebody’s account number and password. Then you can try to hijack their assets. Some phishing scams ask for all of your personal information (SSN, mother’s maiden name, date of birth, etc) so that they can steal your identity and open credit accounts in your name. Some victims of phishing scams have given up their credit card numbers only to find that the card was used fraudulently.
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Posted by Tim on April 30, 2005 | 0 Comments
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