Phishing

Phishing is a type of cyberattack in which attackers use fraudulent emails, messages, calls or websites to deceive individuals into revealing personal information, downloading harmful software or becoming victims of other cybercrimes. As a form of social engineering, phishing relies on manipulating human behavior rather than directly targeting systems. Thus, unlike attacks aimed at breaking into networks, social engineering exploits human vulnerabilities through manipulation and psychological pressure, leading individuals to unintentionally put themselves or their organisations at risk.

Phishing attacks in banking aim to steal personal or business information used for financial transactions. In a typical phishing scheme, fraudsters send emails to numerous recipients, posing as a legitimate bank, card issuer or financial institution to trick individuals into revealing sensitive data.

To keep your account secure, follow these simple tips:

• Use unique, complex passwords, ideally with a password manager to store them securely.
• Enable Two-Factor Authentication (2FA) for extra protection.
• Regularly check for data breaches using tools like Have I Been Pwned to stay informed about potential risks.
• Be cautious of phishing scams – verify suspicious emails and avoid clicking on unknown links.
• Educate your employees on cyberthreats and ensure they follow security protocols.
• Keep software updated to patch vulnerabilities, and monitor account activity regularly to detect any unusual transactions early.