Identity Theft News

Phishing scams an added burden on Wall St

Friday, November 7, 2008


Phishing scams
are proving an added burden to an already troubled Wall Street, one website has claimed.

According to the Street, the number of spam emails sent in pursuance of identity theft and fraud has hit record highs since the market collapse witnessed in September.

In particular, criminals have attempted to capitalize on the economic woes by targeting customers at Bank of America, Wachovia and Citibank.

To protect individuals and organizations against phishing scams, the website advises treating any message which asks for personal information with suspicion.

"If the request looks sufficiently official - you are addressed by name and the logo looks legitimate, for example - double check with your banking or lending institution," it continues.

Meanwhile, the Canadian arm of the Better Business Bureau has warned that customers are being targeted in a phishing scam which attempts to lure people into downloading a trojan.

Steve Cox, BBB spokesperson, advised customers not to click on any links contained within suspicious looking emails.ADNFCR-1765-ID-18864999-ADNFCR

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