Phishing

A friend of mine got hit by a phishing attack  about 3 weeks ago, he got a mail purportedly from Interswitch informing him that they were introducing a new security feature into their payment system and the feature required him to log in to activate it on his ATM card,

he followed the link and filled a form that asked for his card details such as card number and pin. His bank account was emptied the foll0wing day. 
One kind of dangerous Internet attack is called a "phishing"attack and  basically this is the way it works, you’re sent an email from what appears to be a bank, financial institution, or commerce site such as Etranzact, Interswitch, or Paypal, but in fact are forged sites. The emails warn that you must log on to your account, perhaps to verify information, or perhaps to be sure your account does not expire. You’re told to click a link to get to the site. When you get to the site, it looks like the real thing, but it’s a spoof. Log on, and all your information is stolen.
Why has phishing become so widespread? Because it pays offbig-time. Fraudsters can make massive amounts of revenue by draining bank accounts and participating in identity theft.
While phishing fraud is widespread, it’s actually not that difficult to protect against. Spam filters catch most phishing attempts, and some email programs, such as Outlook, now include built-in anti-phishing tools. Additionally, browsers include anti-phishing tools that warn you when you’re about to go to a website that is most likely a spoof. Additionally, there are browser add-ins that you can install that fight spoofs and phishing as well.
But the best protection is the simplest: Never click a link in an email that claims to be from a financial institution, no matter how legitimate the email seems.
Its important to always verify links before you click on them.

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