One thing that I’ve certainly noticed over the last week is the high number of emails from Westpac warning me that I need to update my details or my accounts will be suspended or I will lose services. Firstly, I’m not a Westpac customer so immediately I knew these emails were a scam. Secondly, Mailwasher displays the emails in plain text so I can see where the links are actually.
Most of these ‘phishing’ emails look convincing on the surface as the link is usually typed out in full but points to a completely different website. When a link is written, it has the basic structure of What is the destination website this link is going to and then What are the words that will make up the link. For example, a link might say Click Here or More Information but in the case with these spammers, they will type out the REAL address as the text for the link but then when you click you’ll be taken to their bogus site.
Unfortunately with any spam message, there will always be a small percentage that click the link and end up giving away their private details to their bank accounts. The main people this affects are the baby boomers who aren’t as tech savvy but have a good stash of savings put away for their retirement.
The best thing you can do when you get an email from your bank is not click any links. ALWAYS type in the website address of your bank or use a bookmark to make sure you are going to the correct website before providing ANY information.