New Phishing E-mail Scam Targets MasterCard and Visa Users

A new spiteful email is annoying con users by making them believe that the details of their payment card "are at risk" after visa and MasterCard in collaboration with Cryptico, have recognized a security breach incident as reported by softpedia on September 27, 2012.

Cryptico is a privately-owned company, specialized in cryptography.

Titled as "your personal details are compromised," the email opens with the welcoming words 'Dear Valued customers, with the last few weeks, we had been cautioned and alerted about some problems related to the safety and security of our internet through Cryptico (a security consortium), The basic idea behind this email is to make oneself aware of a security incident. To activate your credit information, kindly visit the site on online banking and provide us with all your credit card details as the information is at risk.

The Identity Theft Department' of visa/MasterCard in association with online Interac, this is the ending of the email.

Actually this email has no relevance with Visa or MasterCard; also it is not associated with online Interac, as declared in the email.

People who click the scam link will be taken to a fraudulent website and asked to initiate the activation process by submitting either the Visa or MasterCard number. Like all legal online financial transaction are there in the site, even though the forged form is not hosted on a source. The scammers have used a distinctive image-based security code field to look the process more authentic.

All information which is collected from fake pages by submitting the desired details will be submitted on bogus form which will be then send to online criminals and employed towards making fake transaction in the victim's name.

Also, MasterCard's and visa's name is not used for the first time by cybercriminals in their phishing campaigns. In May 2011, phishing emails claiming that on part of the visa & MasterCard online service Rewards 2011 Inc, the users had been honored a sum of $100,000.00. Our transfer funds will be transferred by the department steadily by crediting your visa or MasterCard credit card or debit card with the rewarded money were caught.

Related article: New Spam Mail Charges For IPod

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