GeoTrust Warns Consumers of Rapidly Growing Internet/Web Scams Known as Phishing

Friday 9 April 2004 09:27 CET | News

GeoTrust has issued a warning to consumers who shop or conduct banking business online to beware of fraudulent emails messages coming from individuals portraying themselves as online merchants, banks or Internet service providers (ISPs). Growing in frequency and commonly referred to as "phishing" scams, criminals are sending tens of thousands of phony email messages a day to unsuspecting online consumers that appear authentic and have the look and feel of popular merchants, ISPs and financial institutions such as Amazon, eBay, Earthlink and Fleet Bank. Heres how the scam works: The individual is typically asked to update their online account information, but unbeknownst to them, they are being scammed, with criminals walking away with credit card information, social security numbers, online checking account information, home addresses and telephone numbers. The Top 5 Ways Consumers Can Avoid Taking The "Phishing" Bait 1. Never give away personal information such as name, password, credit card numbers or social security numbers unless you initiated the contact with an online merchant or bank. Legitimate institutions do not contact customers by email to inquire about updating account information. 2. Look for the closed lock symbol on the bottom of your Web browser. This verifies that you are using a secure Web site. Click on the lock to make sure that the certificate is issued from a trusted source like GeoTrust/Equifax or VeriSign/Thawte. 3. Change passwords frequently and use uncommon passwords when doing business online. 4. Encrypt your emails when providing merchants with personal information such as social security and credit card numbers. 5. Read online bank statements thoroughly each month and look for unauthorized transactions.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce