Phishing is defined by Wikipedia as a way of attempting to acquire sensitive information such as usernames, passwords and credit card details by masquerading as a trustworthy entity in an electronic communication. This is usually carried out through email telling a user that his/her account had been compromised and that he should check the account involved by clicking on a link. If a user clicks on a link, he will taken to a spoofed or similarly designed website. Then, the username and password are captured by a programming code.
Before you click any link on any email you received, be sure that it comes from a reliable source. If you are not sure then do not click. Instead of clicking the link, typing the address or URL on the address bar is advised. Browsing on a secured connection, be sure also that your address bar uses https:// instead of http:// and that there is a padlock on the lower-right portion of your screen.
Earners online had now became friends of UnionBank because of Paypal and UnionBank is protecting its clients by sending advisories. Below is the latest advisory I received regarding phishing emails.
Dear UnionBank Client,
As an Internet user, you should know about phishing emails. They can appear to be from a well-known company but may put you at risk.
A phishing email generally asks you to click a link in the email and provide, update or confirm sensitive personal information. It may refer to a supposedly urgent or threatening condition concerning your account.
Please note that UnionBank will never send you an email asking for your personal information. You should NOT respond to such email or reveal your PIN or PASSWORD to anyone. Also, Do NOT visit the phishing site, as it is likely to contain a virus or otherwise compromise your confidential information.
For questions about phishing, suspicious emails, or concerns on the security of your account, please call our 24-hour Customer Support at 8418600. For more information on keeping your UnionBank online transactions fraud free, visit the Safe Surfing Guidelines at www.unionbankph.com.
The UnionBank Internet Security Team
Evolving technology taught phishers to use other ways aside from emails to obtain information illegally. Some had attempted to use phone calls pretending to be a bank representative asking personal information. If you are not sure whom you are talking to, then don't divulge any information. Put down the phone and call the bank yourself.
It pays to be vigilant. Read and be informed well. Even Facebook is being phished so browse Facebook in secure connection.