Credit Card Fraud - How to Prevent Becoming a Victim of Phishing

A phishing scam is the process of attempting to getdebt. If phishers can obtain your name, date of birth
sensitive information such as credit card details,and an address [some of which can be obtained from
usernames, passwords and social security numbers bypublic records] they can open bank accounts, business
pretending to be a trustworthy organisation.accounts and credit cards with which to commit fraud.
Phishing e-mail messages can take a number ofIn 2007 phishing attacks in the United States involved
forms. They might appear to come from your online3.6 million adults who lost US $ 3.2 billion in the 12
bank or financial institution, auction sites such as eBay,months ending in August 2007.
online payment processors such as PayPal, aHow to Avoid a Phishing Scam.
company you regularly do business with, or from yourBe suspicious of any emails with urgent requests for
social networking site such as YouTube, Facebook orpersonal or financial information, especially if they have
MySpace.exciting or upsetting information designed to get you to
Phishing scams are usually carried out by email orrespond urgently.
instant messaging, and direct you to a fake websiteDon't reply to email or pop-up messages that ask for
where you enter personal details. The fake websitepersonal or financial information, and don't lick on links in
will look similar or identical to the legitimate website.the message. Don't cut and paste a link from the
In order to trick you into revealing your personal details,message into your Web browser because phishers
the message might include phrases like "confirm billingcan make links look like they go one place, but that
information" or"verify your account" or "update youractually send you to a different site.
credit card information" or "If you don't respond withinAlways ensure that you are using a secure website
48 hours your account will be closed".when submitting credit card or other sensitive
These are examples of messages you may receive:information via your web browser.
"We suspect an unauthorized transaction on yourPhishers are now able to forge both the https:// that
account. To ensure that your account is notyou normally see when you are on a secure Web
compromised, please click the link below and confirmserver and also a legitimate looking address. Make
your identity." "During our regular verification ofsure you enter the address of any banking, shopping,
accounts, we couldn't verify your information. Pleaseor financial transaction website yourself and don't use
click here to update and verify your information." Thedisplayed links.
messages convey a sense of urgency so that you willPhishers can also forge the yellow lock you would
respond immediately without thinking.normally see near the bottom of your screen on a
The message might even claim that your quicksecure site. The lock used to be an indicator of a 'safe'
response is required because your account has beensite. When the lock is double-clicked, it displays the
compromised. The messages direct you to a websitesecurity certificate for the site. If you get any warnings
that looks just like a legitimate organization's site,that the address of the site you have displayed does
however it's a fake site whose sole purpose is to tricknot match the certificate, don't proceed.
you into giving your personal information so theSome phishers send an email that appears to be from
operators can steal your identity and run up bills ora legitimate business and ask you to call a phone
commit crimes in your name.number to update your account or access a "refund."
Social networking sites are now a prime target ofBecause they use Voice over Internet Protocol
phishing, since the personal details in such sites can betechnology, the area code you call does not reflect
used in identity theft. Experiments show a successwhere the phishers really are. If you need to reach an
rate of over 70% for phishing attacks on socialorganization you do business with, call the number on
networks.your financial statements or on the back of your credit
A phishing scam that is very targeted is called spearcard.
phishing. Some recent phishing attacks have beenUse anti-virus and anti-spyware software, as well as a
directed specifically at senior executives withinfirewall, and update them all regularly.
businesses, and the term whaling has been coined forReview credit card and bank account statements as
these kinds of attacks.soon as you receive them so you can check for
This type of credit card scam may result in denial ofunauthorized charges.
access to email, loss of credit, lost access to accounts,The main thing phishing e-mail messages have in
or severe financial loss.common is that they ask for personal data, or direct
If phishers can gain access to username andyou to Web sites or phone numbers to call where
passwords, they can lock you out of your accounts,they ask you to provide personal data.
and drain accounts of any money and also run up