What Phishing, in banking sector?

Question

Accepted Answer

Phishing is a type of cyber attack where fraudsters attempt to obtain sensitive information such as usernames, passwords, and credit card details by pretending to be a trustworthy entity.

Phishing involves sending fraudulent emails or messages that appear to be from legitimate organizations, such as banks, in order to trick individuals into providing their personal information.
Common phishing tactics in the banking sector include fake websites that mimic the appearance of a bank's official site, phishing emails that ask recipients to update their account information, and phone calls requesting sensitive data.
Phishing attacks can lead to financial loss, identity theft, and unauthorized access to accounts if individuals unknowingly provide their information to fraudsters.
Banks often educate their customers about how to recognize and avoid phishing scams, such as by advising them to never click on suspicious links or provide personal information in response to unsolicited communications.

What Phishing, in banking sector?

Top Wipro Fraud Analyst interview questions & answers

Popular interview questions of Fraud Analyst

Top HR questions asked in Wipro Fraud Analyst