Friday, September 05, 2003

ERisk Weekly Review - 30 August - 05 September 2003

Weekly Review - 30 August - 05 September 2003: " 

After Citi was hit by a high-profile email scam a couple of weeks ago, it appears that the bank has been targeted again although the new email was not sophisticated enough to avoid obvious typos and spelling errors, as reported by silicon.com: Your email is not registred [sic] with us, you need to setup [an] account with us and verify your identity. Please fill this form to be enrolled to c2it.com service. Once you register, the money will appear in your c2it's account balance in your overview page. You can withraw [sic] the outstanding balance to your credit or debt [sic] card's bank account.

If all so-called scams remain this crude, one might think that bank customers will be able to avoid them without too much effort but it seems unwise to assume that fraudsters will not at some point learn how to use dictionaries. Australia Westpac is one bank that has chosen to take preventative steps by embarking on a program to educate its customers about the potential pitfalls of giving away personal information online. An industry-wide response in Australia is also being actively considered."