Rise in scams targeting e-banking accounts

Malaysia Sun
Wednesday 16th February, 2011
(Source: The Star)

PETALING JAYA: If you have an Internet banking account, like many do in this modern IT era, take immediate notice.

The number of Malaysians falling prey to Internet banking scams is increasing by the day.

Cyber criminals are on the prowl looking for account holders gullible enough to reveal the two most vital pieces of data their username and password.

They use fake banking websites, known as phishing sites, to try and trap the account holders.

If you fall for it, you can have your entire account wiped out in minutes, depending on the amount of money you have and the transfer limit set by the bank.

According to CyberSecurity Malaysia, a total of 1,426 reports were made last year compared to 634 received in 2009.

It said at least 900 unique phishing sites targeting local financial institut.........