A Banking Regulatory Agency Issues the Latest Phishing Alert

In the latest report of a phishing scam, of which one is reported pretty much every day, the National Credit Union Administration, a Federal government banking regulatory agency, is warning that it has received reports of an online phishing scam that uses a website with a logo and a design similar to the Administration’s own site in an attempt to convince unwary customers to provide information or send money. Phishing is most succinctly defined by TechTarget as “an e-mail fraud method in which the perpetrator sends out legitimate-looking email in an attempt to gather personal and financial information from recipients. Typically, the messages appear to come from well known and trustworthy Web sites. Web sites that are frequently spoofed by phishers include PayPal, eBay, MSN, Yahoo, BestBuy, and America Online. A phishing expedition, like the fishing expedition it’s named for, is a speculative venture: the phisher puts the lure hoping to fool at least a few of the prey that encounter the bait.” The fake site apparently originates in Australia and claims to offer services in the United States, Europe and the Commonwealth of Independent States. ¬†According to the real NCUA, the emails attempt to persuade individuals to provide personal information, such as Social Security numbers, account numbers and login information, or transfer large amounts of money. Of course, no one should provide information to this website nor attempt...

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