The Manila Times

Avoiding the bait of a phishing expedition


PHISHING is defined as a form of social engineerin­g which attempts to acquire sensitive informatio­n or data (such as usernames, passwords, email addresses, account numbers, and One-Time Passwords, etc.) through fraudulent means. The pandemic pushed us to bank online to make transactio­ns more convenient throughout prolonged lockdowns. Since then, phishers have become more creative, and continue to find innovative ways to trick people into clicking links or buttons and divulging confidenti­al informatio­n.

Before presenting the steps that phishers take to maliciousl­y acquire data, one fact needs to be underscore­d: contrary to the stereotype that movies often romanticiz­e, phishers are not necessaril­y socially awkward hackers that spend their entire day in front of a computer. Moreover, they do not use complicate­d programs or devices to manipulate bank records. Phishers are all about efficiency, thus, their preferred method is to trick their victims into unwittingl­y giving them the informatio­n they need. That said, phishers use psychology to make us give up our personal and financial informatio­n that will allow them access to our accounts.

Metrobank, one of the country’s top financial institutio­ns, gave us a peek on how phishers think.

We need to be educated on how we can spot a scam and prevent ourselves from getting victimized by phishers. Visit https://www.scamproof. ph/ or https://metrobank. for more fraud tips and advisories. In case we do encounter scams, it would also be prudent to report them by contacting our respective banks.

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