Go Back   ManagementParadise.com | Management & Business Education Learning Platform Resolve Your Query - Get Help and discuss Projects > Basics of Computers

How to escape phishing in online banking...

Discuss How to escape phishing in online banking... within the Basics of Computers forums, part of the Resolve Your Query - Get Help and discuss Projects category; All my savvy internet banking friends are talking about the phishing attempt on some of ICICI Bank's online banking customers. ...

Reply

 

Thread Tools Display Modes
How to escape phishing in online banking...
Old
 (1 (permalink))
Pratik Bharti
pratikbharti is just really nicepratikbharti is just really nicepratikbharti is just really nicepratikbharti is just really nicepratikbharti is just really nice
 
pratikbharti
Asst. Manager (Marketing) at Welspun Maxsteel Limited
Management Paradise Guru
 
Status: Offline
Posts: 2,514
Join Date: Nov 2006
Exclamation How to escape phishing in online banking... - September 11th, 2007

All my savvy internet banking friends are talking about the phishing attempt on some of ICICI Bank's online banking customers.

Suddenly, everyone is wary of online banking and the critics are even more sceptical.

Let's look at the implications.

What is phishing?


The 'ph' is a replacement for 'f' � as in fishing. It basically means to fish for information from unsuspecting users.

Phishing is the act of tricking someone into giving out confidential information. The term has evolved over the years to include not only obtaining user account details but access to all personal and financial data.

In the case of a bank, it would be financial information that could be used to withdraw funds from an account.

The most common way in which phishing works is by sending an email to a user. This mail could request the user to update or verify the account information by clicking on a link.

The page that appears on clicking the link will look very similar to the bank's web site, and the user will be asked to provide details such as his account number, username, password, personal identification numbers, credit card or debit card number. If he punches in any information on this website, it will be captured by the hackers.

The mail content, by itself, may appear rather straightforward and genuine.

For instance: 'We suspect an unauthorised transaction on your account. To ensure that your account is not compromised, please click the link below and confirm your identity.'

Or: 'During our regular verification of accounts, we were unable to verify yours. Please click here to update and verify your information.'


What must you do in such a case?

When you get an email that appears to be from your bank asking for sensitive personal information, chances are that it is a fraud.

Remember, no bank will ask for your personal details by email.

Forward the mail immediately to your bank and call them and inform them about it.

Don't ever provide your online banking user ID, passwords, credit and/or debit card numbers in response to any mail.

It's not just mails. Also be wary of phone calls or SMSes that ask for such information. And, no bank's representative will ever ask for your password.

When reading the mail, do not click on the links within the email. And, do not cut and paste the link from the message into your Internet browser. Always type the bank's web site address in your browser whenever you want to access your online account.

In the ICICI Bank phishing attempt, it all began when a few customers received an email asking them to update details like their account number and password after clicking on a link in the e-mail.

Apparently, the link in the email took the user to http://www.iciciibank.net while the bank's official address is http://www.icicibank.com (note the additional 'i' after icici and the .net as against .com).

What if you did click on the link and even provided some information?

In that case, you need to do two things. First, change your passwords immediately. The moment you do that, call up the bank and report the incident. They may block all payments on your credit card and may also disable your online banking account. Here, too, you must forward the mail to them.


What banks do to ensure safety


Banks, on their part, use 128-bit Secure Sockets Layer (SSL) encryption technology to encrypt the information you send online. This ensures that the information exchanged between your computer and the bank's web site is completely protected and all details such as login and password remain secret.

SSL is the universally accepted standard for authenticated and encrypted communication between the customers' computers and the bank servers.

Banks also have a firewall, a virtual electronic wall, to prevent unauthorised access to the bank's servers, to prevent hackers from hijacking information.

And, if a wrong password is typed in three times consecutively � by, for instance, someone trying to guess it � online access to the account is disabled. You may have to visit the bank to reactivate the account after such an attempt has been made.

Some banks cut off access for a certain amount of time, after which it is restored.

Another safety feature is the timed logout, which means the session is automatically terminated if it's not active for a certain period.

Tomorrow: What you must do to play it safe and ensure that you are never a victim of online fraud.


SOURCE: http://in.rediff.com/getahead/2006/feb/15bank.htm
Advertisements



------------------------------------------------------
“When you doubt your power, you give power to your doubts.”
------------------------------------------------------

You can contact me on :
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Friends: (17)
Reply With Quote
The Following User Says Thank You to For This Useful Post:
Re: How to escape phishing in online banking...
Old
 (2 (permalink))
Jiten Mazee
jitenmazee is on a distinguished road
 
jitenmazee
Student of Bachelor of Engineering at HAKIM ABDUL HAMID UNANI MEDICAL COLLEGE
Bhopal, Madhya Pradesh
Management Paradise Guru
 
Status: Offline
Posts: 2,649
Join Date: Oct 2015
Location: Bhopal, Madhya Pradesh
Re: How to escape phishing in online banking... - December 17th, 2015

AS we all know that hi-tech fraudsters are growing day by day and often in search of new ways to do cyber crimes. Their latest technology of getting the confidential information of online banking cutomers are called phishing. The Trojan horse program is used in phishing and send you an email asking for your personal detail.
Friends: (0)
Reply With Quote
Re: How to escape phishing in online banking...
Old
 (3 (permalink))
Bhautik Kawa
bhautik.kawa is on a distinguished road
 
bhautik.kawa
Community Manager at ManagementParadise.com
Management Paradise Guru
Status: Offline
Posts: 2,414
Join Date: Oct 2012
Re: How to escape phishing in online banking... - February 26th, 2016

Quote:
Originally Posted by pratikbharti View Post
All my savvy internet banking friends are talking about the phishing attempt on some of ICICI Bank's online banking customers.

Suddenly, everyone is wary of online banking and the critics are even more sceptical.

Let's look at the implications.

What is phishing?


The 'ph' is a replacement for 'f' � as in fishing. It basically means to fish for information from unsuspecting users.

Phishing is the act of tricking someone into giving out confidential information. The term has evolved over the years to include not only obtaining user account details but access to all personal and financial data.

In the case of a bank, it would be financial information that could be used to withdraw funds from an account.

The most common way in which phishing works is by sending an email to a user. This mail could request the user to update or verify the account information by clicking on a link.

The page that appears on clicking the link will look very similar to the bank's web site, and the user will be asked to provide details such as his account number, username, password, personal identification numbers, credit card or debit card number. If he punches in any information on this website, it will be captured by the hackers.

The mail content, by itself, may appear rather straightforward and genuine.

For instance: 'We suspect an unauthorised transaction on your account. To ensure that your account is not compromised, please click the link below and confirm your identity.'

Or: 'During our regular verification of accounts, we were unable to verify yours. Please click here to update and verify your information.'


What must you do in such a case?

When you get an email that appears to be from your bank asking for sensitive personal information, chances are that it is a fraud.

Remember, no bank will ask for your personal details by email.

Forward the mail immediately to your bank and call them and inform them about it.

Don't ever provide your online banking user ID, passwords, credit and/or debit card numbers in response to any mail.

It's not just mails. Also be wary of phone calls or SMSes that ask for such information. And, no bank's representative will ever ask for your password.

When reading the mail, do not click on the links within the email. And, do not cut and paste the link from the message into your Internet browser. Always type the bank's web site address in your browser whenever you want to access your online account.

In the ICICI Bank phishing attempt, it all began when a few customers received an email asking them to update details like their account number and password after clicking on a link in the e-mail.

Apparently, the link in the email took the user to http://www.iciciibank.net while the bank's official address is Personal Banking, Online Banking Services - ICICI Bank (note the additional 'i' after icici and the .net as against .com).

What if you did click on the link and even provided some information?

In that case, you need to do two things. First, change your passwords immediately. The moment you do that, call up the bank and report the incident. They may block all payments on your credit card and may also disable your online banking account. Here, too, you must forward the mail to them.


What banks do to ensure safety


Banks, on their part, use 128-bit Secure Sockets Layer (SSL) encryption technology to encrypt the information you send online. This ensures that the information exchanged between your computer and the bank's web site is completely protected and all details such as login and password remain secret.

SSL is the universally accepted standard for authenticated and encrypted communication between the customers' computers and the bank servers.

Banks also have a firewall, a virtual electronic wall, to prevent unauthorised access to the bank's servers, to prevent hackers from hijacking information.

And, if a wrong password is typed in three times consecutively � by, for instance, someone trying to guess it � online access to the account is disabled. You may have to visit the bank to reactivate the account after such an attempt has been made.

Some banks cut off access for a certain amount of time, after which it is restored.

Another safety feature is the timed logout, which means the session is automatically terminated if it's not active for a certain period.

Tomorrow: What you must do to play it safe and ensure that you are never a victim of online fraud.


SOURCE: How to escape phishing in online banking - Rediff.com Get Ahead
Hey buddy,

here i am uploading Phishing In The Middle Of The Stream - Online Banking, please help your self.


1.READ RULES CAREFULLY BEFORE POSTING.REFER FAQS.
2.USE SEARCH OPTIONS.DO NOT ASK FOR PROJECTS.
3.DO NOT POST YOU MAIL IDS.
4.CLICK ON THANKS BUTTON TO THANK A PERSON.
5.DO NOT POST REGARDING HOW INFORMATIVE/HELPFUL A THREAD WAS, RATE IT.
6.POST IN CORRECT SECTIONS.DO NOT SPAM.



To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
|
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Friends: (0)
Reply With Quote
Reply

Bookmarks

Tags
banking, escape, online, phishing


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.



Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.