Monthly Archives: December 2015

Fraudulent Documentation – the Latest Internet Banking Scam

Posted on December 21, 2015 at 3:14 pm

In the age of the internet, it is incredibly easy for fraudsters to commit crimes related to internet banking and con people out of a great deal of money. Whilst phishing emails have always been something to be cautious of, methods of committing internet banking fraud are becoming ever more sophisticated, and you can never be too careful with your bank transactions.

An increasingly popular method of committing fraud is the production of fake documentation. Fraudsters send letters notifying companies of changes to banking details, and they’re able to make the letters look incredibly convincing. Company logos, personnel names, signatures and many more features can all be replicated to make a document look legitimate. These fake letters will usually be sent to companies notifying them of changes to bank details, tricking them into paying money into the criminal’s account instead.

To avoid this kind of fraudulent activity affecting you, never trust any documentation which informs you of changes to bank details without conducting further investigation. Contact the company who have supposedly sent the letter, but always use the contact details which you have on file for them. Criminals attempting to commit fraud will anticipate you checking and may well have set up fake email accounts, so it’s important not to use any of the information contained within the letter. If you begin dealing with any new companies, remember to take down their contact details and store them somewhere safe so that you can get in touch with the right people should you have any security concerns in future.

Posted in IT Security, Online Security