Recently, many individuals and small businesses have been the target of identity theft scams directing them to Web sites or phone numbers where they are asked to verify personal and financial information. The messages claim the information is necessary to update or validate billing or contact information, respond to fraud or reactivate an account. These scams employ a variety of techniques, including e-mail, imposter Web sites, Voice over Internet Protocol (VoIP), text messaging and malicious software. You can help protect yourself from identity thieves by learning more about these scams and following the tips provided below.
Phishing (fishing for information) is the fraudulent scheme of sending an e-mail to a user falsely claiming to be a legitimate company. The e-mail attempts to persuade the user into surrendering private information such as credit card numbers, bank account information, Social Security numbers, date of birth and passwords that could later be used for identify theft. The e-mail directs the user to a “look-alike” Web site of a legitimate business, tricking the user into thinking he is responding to a bona fide request. The fraudulent “look-alike” Web sites can be so cleverly designed that they may be impossible to distinguish from the legitimate site.
Pharming is a form of domain spoofing. In simple terms, rather than spamming you with e-mail requests to confirm your financial or personal information, pharmers work behind the scenes. They change your local internet provider server to redirect your Web request to a fake site. This means that when you enter a web address, such as www.abc.com; you will be taken to a fake website rather than the legitimate website! As far as you know, you're connected to the correct site. No e-mail is involved, and if they copied the appearance of the real site well, you would have no way to know that anything was wrong.
Vishing is a technique to gather information under false pretenses through the use of Voice over Internet Protocol. It employs Caller ID spoofing, which displays a telephone number in Caller ID which is not the actual originating phone number and may appear to be the bank phone number. An example of this would be an automated voicemail message alerting the consumer that there had been fraudulent activity in an account or on a credit card and requesting a call back. When consumers call the number, they are asked to provide their information via the phone’s keypad.
SMishing uses SMS texting to deliver the “bait” to trick consumers into divulging personal information. An example of this would be a text message saying, “Your account has been suspended. Call 999-999-9999 to activate.” Alternatively, a link to an illegitimate Web site may be provided. Like the other scams, the recipient is then asked to provide credit or debit card numbers, PIN numbers and other financial or personal information.
Malware, or malicious software, performs illegal actions unanticipated by the user. Its intent is to yield financial benefits to the distributor of the software. An example of this is a keylogger program, which installs itself either into a Web browser or as a device driver. Once installed, the keylogger monitors data being input and sends relevant data, usually account user names and passwords, to a phishing server.
The Federal Trade Commission and Park National Bank suggest these tips to help you avoid getting hooked by identity theft scams:
Park National Bank’s secure online banking sites for businesses and consumers will ask the user to select a picture and personal phrase when the online account is first set up. These items will be displayed each time you log in, prior to entering in your login information. Do not enter passwords or other sensitive information if you do not see or do not recognize the picture and phrase.
At Park National Bank, our customers’ security is of the utmost importance. We hope you will find this information helpful. If you ever have any questions regarding the security of your accounts with us, don’t hesitate to call us at 1-866-727-5628.