Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

New attack on SA bank clients

Nov 29 2007 14:29

Related Articles

New e-scam hits Absa

Cops warn of new fraud scam

Foreigners in new SA bank scam

 

Top Stories

Xstrata shuts furnaces to aid Eskom

Feb 13 2012 12:15

Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.

SA economy adds 80 000 jobs in January

Feb 13 2012 10:43

Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.

Greece at last approves austerity measures

Feb 13 2012 07:58

Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.

 
Share Share line Print
Johannesburg - Criminals are also targeting Standard Bank clients in a new e-mail scam, just days after Absa clients received similar requests to update upgrade the safety of their internet bank accounts.

The e-mail requests Standard Bank clients to update their internet details as a compulsory measure.

The aim of the update is to prevent that the account is used for fraudulent activities.

Clients are warned, in poor English, that if they fail to provide the data correctly, their accounts will be suspended.

The e-mail states: "...Please make sure you enter your email address and email password for complete update process...(Failure to verify account details correctly will lead to account suspension)."

Clients are advised that "as part of our ongoing commitment to provide the 'Best Possible' service and protection to all our customers, we are requiring you to Update your account (s) using the new SSL. Please Update your online banking account (s) by clicking on Sign In. And then do as required."

Sign In takes clients to a spoof website.

Industry experts have expressed concern about another clear "phishing" incident, where criminals use internet information to steal money from people's bank accounts. And although banks are stepping up their security measures, it seems not to deter fraudsters.

Spokespeople of South Africa's four biggest banks - Absa, First National Bank, Nedbank and Standard Bank - repeatedly warned clients that they do not request information from clients via e-mail.

Standard Bank on its website shows eleven examples of such illegal e-mails already sent to client. The news scam e-mail: "Alert: Compulsory Internet Banking Update" is an addition to the list, which includes "Your Online Banking Profile has Been Blocked" and "Important: verification of home address."

Standard Bank admits that it could be difficult for an average client to distinguish between an authentic and an illegal message.

It cautions clients to be extremely careful with requests for personal information.

Fin24's sister site, Sake24, on Thursday reported that Absa cautioned clients against a somewhat more sophisticated scheme than the previous "phishing" attempts.

Some clients this week received e-mails from "Absa", requesting them to upgrade the safety of their internet bank accounts.

The message, carrying Absa's logo, states: "We are committed to providing secure online services. As such, all interactions with our transactional sites are protected through encryption that complies with international standards. Encryption is used to protect the transmission of your personal information when completing online application forms. Our Internet servers are protected by firewalls and intrusion detection systems.

"Clients are requested to verify their details by clicking on a link provided, but are reassured that only personnel with the necessary authority will have access to the information.

Absa's Christo Vrey said the methods that internet criminals use in fraudulent scams are becoming more sophisticated, and now they directly target local companies using the names, look and feel of the major local banks in South Africa.

He said clients should never react on an e-mail requesting any sort of personal or financial information, or asking a client to logon to a service that requires them to input their internet banking or ATM PIN number. If a client suspect an e-mail looks like "phishing", they should delete it immediately.

- Fin24/Sake24

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook still a closed book in China
Feb 08 2012 16:59

Mark Zuckerberg wants to ''friend'' China's massive market but how far is he prepared to go, and against what competition?

NicolaaSmith

What would happen if Greece leaves the European Monetary Union What would happen if Greece leaves the European Monetary Union The Euro would become a foreign currency like the US Dollar in Greece. Very little would actually change. It would be illegal for the Greek monetary authority to overprint a... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...