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BERMUDA | RSS PODCAST

Banks join together to combat online fraud

Phony e-mails, commonly known as phishing scams, are being used to try to get Bermuda’s bank customers’ personal and banking information.The campaign teaches the public how to tell the difference between official bank communications and the phony e-mails.Phishing scams often mimic the style of legitimate bank communications, using the company logo or website style. The fake e-mails ask the recipient to click on a link and visit a website where they are asked to enter their online banking information.Individuals behind the phishing attempt would then use the information to commit identity theft or use the customer’s bank accounts.Ian Tomkins, Inspector for the Bermuda Police Service’s Financial Crimes Unit, expressed support for the new campaign.“This campaign is particularly timely as online fraud remains a growing issue to both Bermuda businesses and residents alike,” Insp Tomkins said.“Whilst modern technology has made our financial transactions more efficient, it has also created new opportunities for criminal organisations to exploit.”The banks wish to advise their customers that they will never ask for personal information through e-mail. Any customer discovering a phishing attack should report it to their bank and delete the e-mail.–