Two Barbados Banks Targeted with E-mail Scams

New e-mails posing as messages sent from Barbados based CIBC FirstCaribbean International Bank or Cayman National Bank have been crafted for spreading phishing scam, published compasscayman.com dated September 2, 2015.

Containing both banks' logos imitated digitally, the e-mails request recipients that they require pursuing one web-link for making their accounts up to date. The messages warn that by refraining from updating his account, the account owner may find his account terminated never to be restored again.

Chief Inspector Raymond Christian working for Royal Cayman Islands Police Service's Financial Crime Unit stated that reports about the phishing campaigns had reached the banks and that investigation was on from the police's end. Compasscayman.com reported this.

The two banks have respectively posted their alerts online urging people to be watchful of the scams. Accordingly, CIBC FirstCaribbean's banking website has notified on its main page that the bank doesn't ever e-mail its customers for verifying confidential data over the Net. There is also one alert about fraudulent, phishing electronic mail which if any customer gets and apprehends he is a target of phishing then he should talk to the bank.

According to Director of Corporate Communications Debra King at CIBC FirstCaribbean, the bank wished telling its clients that whenever e-mails of the above kind reached them that gave any information they must instantly become alert. CIBC FirstCaribbean didn't ask clients for opening the e-mails and providing their private account details, the Director enumerated. Compasscayman.com published this.

Scams as described above have become quite well-known during recent years ever since credit card usages on the Net became increasingly welcome. By online phishing, one understands it as a method for e-mail fraud wherein the fraudster dispatches one real looking e-mail with an effort for garnering the recipient's financial and other personal data, security researchers elaborate.

In the meantime, in a similar phishing fraud, London, UK based HSBC Bank, which too was hit with phishing scam during the second half of July, 2015, advised customers for being wary about fraudulent, phishing e-mail assaults when an account owner of the bank informed the institution about one scam e-mail.

» SPAMfighter News - 9/10/2015