Financial Fraud

LUCKNOW—Phishing and smishing scams are becoming increasingly sophisticated, and banks are a prime target. These scams involve sending emails or text messages that appear to be from legitimate sources, such as banks or other financial institutions. The messages often contain malicious links or attachments that can infect computers or steal personal information. How Phishing and Smishing Scams Work: Phishing Emails: Fraudsters send emails that appear to be from banks, asking customers to click on a link to update their account information or verify their identity. Smishing Texts: Fraudsters send text messages that appear to be from banks, asking customers to call a phone number or click on a link. The Impact of Phishing and Smishing Scams:Phishing and smishing scams can lead to significant financial losses for banks and customers. They can also damage the reputation of banks and erode customer trust.How to Protect Yourself from Phishing and Smishing Scams: Be wary of unsolicited emails and text messages. Never click on links or open attachments from unknown senders. Do not provide personal information to anyone who contacts you unsolicited. Report any suspicious activity to your bank or the authorities.