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How does the latest email scam work?

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How does the latest email scam work?

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Fraudsters have been going on email “phishing” expeditions, hoping to steal bank account details. They simply send out millions of emails, faking the email header to make it appear as if it is coming from a particular bank. The phishermen know that a certain percentage of people on the receiving end will be customers of the bank in question. They direct the bank’s customers to a faked web site that looks just like the genuine Barclays or Halifax or NatWest online banking portal, and invite their victims to input their account and security information. From there it’s a short step to logging in to the bona fide bank site and accessing your cash. Which banks have been targeted? Thus far, Barclays, Citibank, Halifax, Lloyds TSB, Nationwide and NatWest have seen emails trawling for their customers. All have taken steps to alert their customers and to reiterate that the banks would never ask for confidential security information. Does this mean online banking is insecure? No, it means you s

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