Financial expert warns of fraudulent phishing emails in the name of ING: Personal salutations and fake restrictions are intended to trick victims into disclosing sensitive data.

Financial expert warns of fraudulent phishing emails in the name of ING: Personal salutations and fake restrictions are intended to trick victims into disclosing sensitive data.

According to a report by www.heise.de,

The consumer advice centers warn of personalized phishing that claims that the ING account will be restricted. These emails contain a personal salutation to appear more credible. The scammers claim that certain account features are restricted for security reasons and ask recipients to confirm their account details and transactions by clicking on a link. The consumer advice centers recommend that such emails be moved to the spam folder if left unanswered. There is no indication of the exact source of the data, but it is noted that cybercriminals have access to a variety of data, including leaked email addresses and names. Phishing remains a popular scam among cybercriminals and continues to be a lucrative business model.

Phishing continues to be a serious threat to consumers and the financial market. Personalized phishing emails can make fraudsters appear even more convincing and trap more victims. ING and other financial institutions must provide more information to their customers about phishing warnings and encourage them to report and ignore suspicious emails. It is also important that consumers monitor their accounts regularly and never reveal sensitive information because of an unexpected email. This increase in personalized phishing attacks could also affect consumer trust in online banking and financial transactions, which could have long-term implications for the market. It is therefore crucial that financial institutions, consumer advocacy groups and regulators work together to combat this threat and protect consumers.