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‘FDIC’ Phishing E-mails Target Consumers

The US-based federal regulator for banking services, Federal Deposit Insurance Corporation (FDIC), has got a large number of complaints that a fake electronic mail is being sent out purportedly from FDIC.

The banking regulator highlights that the phishing messages' subject lines are "FDIC has officially named your bank a failed bank" or "You need to check your Bank Deposit Insurance Coverage."

Thereafter, the text message tells the recipient that he has been sent the e-mail since he holds a bank account insured under the FDIC. Lately, the FDIC has declared the bank in which the recipient has his account as failed bank; consequently, the Corporation is currently maneuvering that bank's assets, as reported by Bankinfosecurity on July 2, 2010.

There is also a web-link given in the e-mail. The e-mail states that recipients should click on the web link for viewing the authorized FDIC site and reviewing their Deposit Insurance Coverage. But when anyone follows it, he is taken to a fake FDIC site. If fact, the link shows a ".eu" suffix in its URL address, implying that its domain is situated in the European Union.

Following the scam e-mail, the FDIC has itself come forward to assist netizens from becoming convinced with it and turning into a victim. As a result, the Corporation has posted a warning regarding the phishing e-mails on its authorized Internet site.

In the warning, the FDIC states that the e-mail and its related web-link is a fake. The recipients should understand that the e-mail is a mean to gather confidential and other personal information or install malware on their PCs. Hence, they shouldn't hit on the web-link, the warning concludes, adding that FDIC never sends unsolicited e-mails to the public, as reported by Fdic on July 2, 2010.

With this latest FDIC phishing e-mail, the agency has issued a warning regarding such e-mails for the 4th instance.

In the end, security researchers observe that FDIC appears to have become phishers' frequent and preferable point of attack, with the criminals reviewing heir conventional e-mail scams, which often turned out extremely successful in the past.

Related article: “Loopholes did not cause online banking thefts”: ICBC

» SPAMfighter News - 7/16/2010

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