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Thai Bankers' Association warns over phishing

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  • Thai Bankers' Association warns over phishing

    The Thai Bankers' Association (TBA) is warning of phishing scams affecting a wide range of local banks, though it says the number of phishing victims is still minimal. Phishing scams have become widespread in Thailand since last Friday, but there have been no reports of financial loss so far, said Kitti Kosavisutte, committee chairman of the Thailand Banking Sector Computer Emergency Response Team (TB-CERT), a group of financial institutions under the TBA.

    It is estimated that a mere 2% of phishing email recipients have fallen victim to a scam by giving personal information to criminals, while up to 20 phishing websites have been recorded -- up marginally from recent years, Mr Kitti said. "Consumer awareness about cyberthreats has continued to improve, so losses are expected to be marginal," he said. "However, further monitoring of phishing attempts is needed, particularly through social media."

    Social media is the main channel of phishing attacks, he said. Widespread phishing scams were reported in 2017, prompting TB-CERT at the time to alert consumers about phishing emails that contained ransomware. The number of global phishing websites has increased significantly, from 250,000 in the second quarter of last year to 900,000 in the third quarter. Phishing is the fraudulent attempt to obtain confidential information such as usernames, passwords and credit card details by disguising as a trustworthy entity through online channels. The scheme will direct users to fake websites to get victims' personal information and then spread malware for financial fraud.

    To prevent phishing attacks, consumers are advised to avoid clicking on untrusted links or email and refuse to provide personal information. They are advised to contact banks immediately if they receive a suspicious email or are sent a link to a website. "If consumers have already given personal information to offenders, they should change their password or contact their banks," Mr Kitti said. He said in cases where financial loss is incurred from phishing attempts, banks would consider compensation on a case-by-case basis.

    https://www.bangkokpost.com/news/cri...-over-phishing
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