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Phishing Scams & Attacks How to Protect Yourself

Phishing Scams & Attacks How to Protect Yourself

Phishing Scams & Attacks in India: Technology is a revolutionary tool that has simplified our lives. It has made life easy by giving access to services at one click. Banking Industry has also been a witness to the evolution of technology. With services like payments, opening/closing of accounts, and sanctioning loans being move to online platforms, the banking industry has simplify its operations and has taken customer service to another level.

The advancement in technology has proven to be a boon to the public in general. But, the online world comes with its dark side too. In recent years online fraud and cyber attacks have taken the world by storm. One of the most common forms of Cyber attack is Phishing Scams.

What is Online Phishing Scams ?

Phishing attacks are the practice of sending false communications that appear to come from a reputable source. The aim to send such messages is to steal sensitive data like credit card and login information or to install malware on the victim’s machine. These messages carry links, that when opened can cause great harm to the files and data on the receiver’s system. These attacks usually come in the form of fraudulent emails, messages, or websites that mimic legitimate entities. This misleads the user and deceives them into believing they are interacting with a trustworthy source.

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When it comes to monetary fraud, phishing attacks typically involve creating fake websites or emails that imitate well-known financial institutions, or banking service providers. The attackers aim to get people to click on links or download attachments that contain viruses. These viruses, typically known as malware are design to steal information like OTPs, credit/debit card details, CVV numbers, etc.

Common  Phishing Scams  Techniques to commit banking fraud

In the banking industry, fraudsters use some particular phishing techniques to attack their victims. These include Email Phishing, Smishing (SMS Phishing), Pharming, and Vishing (Voice Phishing). Let us discuss these types of phishing attacks in detail to safeguard ourselves.

Email Phishing Scams 

In this technique, attackers send emails, appearing to be from legitimate sources. These E-mails contain harmful links either redirecting the user to another site or asking them to download files containing viruses. These viruses steal sensitive information of the user like credit card numbers, OPTS, personal financial data, or financial data of an organization. This malware can remain in the user’s system undetected for several months and cause a great deal of harm.

Smishing (SMS Phishing Scams )

These attacks are delivered through text messages. The user/recipient receives a message on their personal numbers encouraging them to click on links or reply with personal information. In the past, people have lost huge sums of money due to smising as it is widely used by the public. It is a risky tool for illiterate people, who are too trusting and share their bank details in messages.

Vishing (Voice Phishing Scams )

Attackers use phone calls to pose as legitimate organizations or bank employees. They misinform people with false information about their accounts being blocked, ATM cards being expired or insurance policies being matured, etc. The attackers put the victim in a panic mode, which leads them to share confidential data, without having time to give it a second thought.


The pharming technique Redirects victims to fraudulent websites without their knowledge, even if they enter the correct URL. These websites are either clones of the original or follow a similar layout as the original banking websites. Victims put their bank details on such fraudulent banking websites and lose money.

How can you protect yourself from online Phishing Scams 

In this section, you will learn 5 effective ways to protect yourself from online phishing.

Be Cautious with Emails

Exercise caution with emails from unknown sources or those asking for personal information. Do not click on suspicious links or download attachments from unfamiliar senders.

 Verify URLs

Before entering sensitive information on a website, double-check the URL to ensure it is correct and secure. Look for “https://” and a padlock symbol in the address bar.

 Avoid Sharing Sensitive Data

Legitimate banks and institutions will never ask for passwords, PINs, or other sensitive information via email or phone. Never share such data in response to unsolicited communications.

 Educate Yourself

Stay informed about the latest Phishing Scams techniques . Being aware of common phishing tactics will help you recognize potential threats.

Use Strong Passwords 

Create strong and unique passwords for each of your online accounts. Avoid using easily guessable information like birthdates or names.


Online phishing is a vicious form of cybercrime. It is important to be well-educated and smart when using online banking services to safeguard one from phishing attacks. In case a person falls into the trap of an attacker, they can file a complaint with the cybercrime department.  Online banking is safe, however, one needs to be cautious while making transactions or sharing data online. Measures should be taken before making payments through QR codes or phone numbers. Online phishing can be easily prevented with the right approach to using online services and platforms.


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