Phishing – Are you sure that e-mail is genuine?
Phishing – a scam by online fraudsters by using seemingly genuine e-mails to con users out of information such as passwords, bank details and credit card information.
The scam starts with an e-mail from what would seem to be a genuine supplier such as a bank, utility supplier, or mobile phone company asking for details to be updated by clicking on a link. This will then take the victim to another seemingly genuine website that will then harvest the victims details for nefarious purposes. In July 2012 users of the O2 mobile network received fake e-mails of this nature offering a £10 discount even though there was a genuine offer by the company for that amount following network outage.
In his own blog Richard Hodson, Head of Technology at Oval Insurance Broking discusses this scam in more detail and explains what to look for in a phishing scam and how to avoid being conned
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Since the Sony PlayStation hack the media has been awash with headlines about big businesses being hacked, institutions facing daily attacks and personal information being compromised. Yet these well publicised attacks are just the tip of the iceberg, little is heard in the UK of breaches suffered by professional organisations, small businesses and public bodies. In a recent report by Detica published jointly with the UK Cabinet office “cyber crime” was estimated to cost UK businesses around £27 billion every year.
In this White Paper the Oval Group looks at how insurance can play its part in managing the effects of a data breach.