With the evolution and increased use of netbanking, more sophisticated malware attacks are being detected. Stealing of bank login credentials, credit card details and phishing scams have been there for long and people are getting aware about them slowly but surely.
Recently, German Federal Criminal Police(the “Bundeskriminalamt” or BKA for short), has warned about a recent attack, wherein the malware resides silent inside your windows files. As soon as you log into your your bank account through online banking, it lets you remain there. But it shows you a message that your account has been blocked as you have received a large sum of money erroneously.
When you check your account statement and balances, that fictitious transfer can be seen. Now you are presented with the option to transfer the money back or just keep the account suspended. If you choose to transfer the money back, you have to fill the online form, where the details are pre-filled with the account details of the malware controller.
As soon as you complete the transfer, the money is withdrawn from your account by an amount, which was not actually transferred to your account.
How to Protect Your Bank Account from Such Scams and Frauds
The best way is switch to Linux as most of the online banking scams are targeted at Windows users. They are the easiest targets. But this is easier said than done for an average computer user. Even I find myself lazy enough to do that.
What I prefer to do is that I have reserved one of my computer to access Internet only when I login to my bank accounts. I use it for all sort of offline activities – MS Word, Powerpoint and other stuff, but I go online with that computer only when I need to do access my bank accounts. That way I try to let this computer remain as clean as possible.
I know, this is not a fool-proof way to ensure protection from online banking scams, but still it is better than using your regular computer to do online banking.
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