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Online Banking Giving Rise to More Fraud Attacks

As the latest figures revealed by the banking industry show an increase in the number of UK adults banking and using credit cards online, the financial data company, Moneynet, warns that hackers have become determined on invading private finances.

According to APACS (Association of Payment Clearing Services), hackers are still attacking online banking users with spyware and phishing scam.

A study by APACS discloses that though the number of users erasing or taking no action when they receive a phishing mail, there number multiplied from 75% in 2006 to 85% in 2007. However, there are still almost one out of five users who do not follow these basics guidelines. Interestingly, around 93% of users have anti-virus software on their systems, still 29% (one in three users) do not have any anti-virus program on their PC.

Chief Executive of Moneynet, Richard Brown, claims that phishing has proved to be an ugly turn in the modern era. Web users are increasingly reporting phishing scams, as reported by QCK on September 3, 2008.

Brown also said that many users could be attacked by these scams. Also, it has evolved as a standard phishing approach and users should be more alert.

Brown also indicated that the latest scam included attacks on car owners, trying to sell their vehicles by Exchange & Mart or Auto Trader, the most famous channels for purchasing and selling cars and motorcycles and vans in the UK.

He also informed that this scam operates like any other regular scam in which hackers make e-mail appears genuine coming from an authentic source, as in this case, through the site of E&M.

Further, he also suggests that users should be more careful while using credit card online. He also recommended use payment sites only through the official Website. He also advises not to click on links and users should check the security icon in the browser window.

Brown also advises users to install the most updated firewall and anti-virus software on the system. These softwares can really defeat the viruses, trojans and spyware.

Related article: Online Card Fraud Shows Greater Tendency Than Chip and Pin

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