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HKMA Warns of Phishing E-mails Hitting Clients of Shanghai Commercial Bank

Hong Kong's Monetary Authority (HKMA) cautioned people on June 3, 2010 that phishing e-mails were making the rounds and posing as messages from the Shanghai Commercial Bank.

These messages directed recipients to open a given web-link leading to a fake website that asked users to confirm their account details (username and password), the HKMA stated, as reported by Tmcnet on June 3, 2010.

Apart from HK's Monetary Authority, the Shanghai Commercial Bank too released a press report regarding the e-mail scam on June 3, 2010. The Bank clarified that it hadn't dispatched those phishing e-mails to any client and had no association whatsoever with the fake website. It appeared that the fraudulent website resembled the online banking login page of the Shanghai Commercial Bank.

An HKMA Spokesperson stated that people were reminded to avoid using personal online banking accounts via web-links implanted in the e-mails, clicking on dubious pop-up boxes or browsing online search engines. Rather to access personal online banking accounts, people should type the site URL of the Bank into their browser's address bar or bookmark the original Internet site and then access it from the bookmark column. The Spokesperson added that in case of any doubt, people should get in touch with their banks, as reported by Info on June 3, 2010.

According to HKMA, the Shanghai Commercial Bank has already informed the Police about the incident so an investigation can be conducted. If any person has already given out personal details on the fake website or carried out a financial transaction on it, then he must dial the helpline number of Shanghai Commercial Bank. Simultaneously, the person should also contact HK Police Force's Commercial Crime Bureau through their hotline phone-number or inform any area Police Station.

The most recent caution from HKMA follows a similar one involving the Bank of East Asia on June 2, 2010.

With HK embracing net-banking at one of the fastest rates worldwide, the country is found to experience soaring phishing attacks. Consequently, users are advised to become more aware and avoid getting defrauded by phishing scams inflicting the region.

Related article: HKMA Asks Banks to Step up Interest Security

» SPAMfighter News - 6/14/2010

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