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Bank, security firms warn against phishing schemes.

Bank, security firms warn against phishing schemes !-- -- ( - May 24, 2019 - 3:21pm MANILA, PhilippinesInternet security company Kaspersky Lab reported a 27.5%increase in phishing casesonline in 2018, targeting online banking through email phishing schemes, a bank company saidin a statement.

Bank of the Philippine Islands's Data Protection Officer and Enterprise InformationSecurity Officer Jon Paz said those specifically targeted by scams are those susceptible tofraudulent email alerts and suspicious emails. "Often, fraudulent e-mail will alert you to a problem that may be fixed if you 'verified' your information by clicking on a link, or ask you to support disaster relief efforts or even a politicalcampaign by providing your information using a form embedded in the message," Paz said.

Paz added scammers could take possession of bank and credit card login credentials if these kinds of emails were clicked. Phishing is the fraudulent sending of emails aiming to illegally harvest information.

Kaspersky Lab added about 100 million of phishing cases were recorded worldwide in 2018. "In most cases, fraudsters create a replica of a trustworthy landing page, enticing a victim toenter their credentials along with any other valuable information or pay for non-existing service,"the internet security company added in its 2018 report. Phishing can also be in the form of malvertising, malware is being injected to the system to gather sensitive information whaling scam, the use of impersonation to steal information viaemail and spear phishing, which are targeted online scheme usually sourced from individualsocial media accounts.

Paz said personal information should not be posted online. He advised not to post crucial bankinformation such as birthday and contact details as well as vacation plans on social media asscammers might take advantage of online activity.

"Vigilance is key to protecting yourself from phishing," Paz said. "This way, we can stay a step ahead of scams and cyber-attacks," he added.

Kaspersky Lab also advised to only use secure connections when visiting sensitive websitessuch as online banking sites. Philstar.

com internEdelito Mercene Jr.

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Publication:Philippines Star (Manila, Philippines)
Date:May 24, 2019
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