Is Your Bank Trying to Scam You?
Every day it becomes easier for hackers and scammers to pose as your bank in an attempt to harvest your personal details and login credentials, and whilst your bank isn’t trying to scam you, people posing as your bank may be.
ANZ recently shared details of an online email phishing scam that will attempt to steal your login details by asking you to provide “challenge questions,” and directing you to an authentic looking ANZ login page where you’re prompted to enter your bank details.
People who send these of scams are professionals, and are getting better every day at sending convincing, seemingly legitimate emails.
I have put together a few starter tips on what to look out for when you receive a suspicious email based on the referenced ANZ scam.
- Domain Name: Note this email comes from the domain ‘@anzsupport.cf’. If I had received this email, that would have been the first red flag for me. ANZ operate under the domain anz.com, and their emails would not come from ‘@anzsupport.cf,’ or anything similar. It's always best to make sure you check out where the email is coming from.
- Pressure tactics: In the ANZ scam we referred to on the fake “challenge question” page it said “If you don’t follow these instructions, you may be liable for any loss arising from an unauthorised transaction.” This is a great scammer trick that you should always keep an eye out for. In my experience with bank emails, they almost never pressure you like this.
- Asking for your details: According to the ASIC MoneySmart website, an email or text message is definitely a phishing scam if it redirects you to a page that asks you to enter your bank details. Note this was a large part of the reference ANZ scam.
- Small mistakes: There is also a good chance an email is a phishing scam if it doesn’t address you by your first name, or has spelling/grammatical errors. The ANZ phishing scam doesn’t use a first name, instead opting to just say ‘hello.’ The spelling and grammar however isn’t bad, so make sure you keep an eye out.
These are just a few starting points based on what I picked up from the ANZ email.
For more advice on how to avoid scams, you can visit the following pages.
- ASIC MoneySmart ‘Banking and Credit Scams
- ASIC MoneySmart ‘Protect Yourself From Scams
- ACCC Scamwatch ‘Protect Yourself From Scams
Any advice contained in this article is general in nature and does not take account of your particular objectives, personal circumstances or needs. If in doubt about your own situation you should seek appropriate advice.