WARNING ABOUT EMAIL & WEB SCAMS

TODAY’S BLOG

WARNING ABOUT EMAIL AND WEB SCAMS

I asked Steve Hayward to put together a piece for me about being safe on your computer. Here are his thoughts and top 10 tips to keep you safe at a time when more of us are working from home and criminals are ever industrious. Steve…

Let’s be honest – internet security is dull topic. We seldom hear about cybercrime and data theft anymore, largely because people are more tech aware and we have relaxed our vigilance because our email providers do such a good job of filtering out unwanted spam. Likewise, web protection is built into our browsers and so we seldom need to concern ourselves with malicious code, hidden redirects, and aggressive popups. However, we cannot afford be too complacent when using any internet service as people are still being scammed and defrauded in their thousands.

A sceptical awareness has never been more important now that we find millions of people either working from home or in isolation, with only our access to the internet to keep us feeling connected to others. Cybercriminals are creative and they are making every use of this new opportunity to identify our vulnerabilities. So, here are my top 10 simple rules and best-practices to live by when using the internet:

COMPUTER SCAMS

TOP TEN TIPS FOR GOOD PRACTICE

1)      Be suspicious. Have a general scepticism bubbling away in the background with everything you do on the internet.

2)      Always use strong passwords but don’t only rely on them. Never use the same password for every application and service you use. Keeping track of your passwords can be tough and so use a decent password manager. These applications generate strong passwords and store them for you in an encrypted vault. They will also manage other credentials and sensitive data, like financial card information. They will also sync across all your devices. Look for applications like LastPass, 1Password, Bitwarden, Dashlane, Keeper, or KeePassXC.

3)      Always use two-factor or three-factor authentication and/or biometric security when it’s available. A simple username and password is not enough – especially for important services like online banking and buying and selling. The first tier of authentication is your username and password for that service; the second tier is an additional authentication, such as an SMS text message to your phone with a login code or PIN. Also, try to use services that require a fingerprint or face/voice recognition.

4)      Phishing. This is the big one that still gets people because the emails seem genuine and may not be caught by a spam filter. A phishing email is used to get you to log on (or attempt to log on or perform a password reset or confirm your bank details) by pretending to be from a source you trust, such as your bank or a retailer. This is a good time to re-read best-practice #1. If you ever receive an unexpected email informing you of a security incident or one that’s asking you to reset your password or confirm a detail of any kind, ignore it and mark it as spam. Check the sender email address. Does it look genuine? You’ll often find that an email that pretends to be from Microsoft, will not be sent from the expected support@microsoft.com email address (for example), but rather from something bizarre like microsoft-reset@blamfeutter.ru. I don’t know about you, but I’ve never heard of Blamfeutter from Russia – and neither have you. Delete it and mark it as spam. If ever in doubt, call the company that you believe may be trying to contact you.

5)      Never open attachments unless you completely trust the sender. Even then, glance at the type of file you’ve been sent before you just click on it. Is it a Word document, an Excel spreadsheet, a JPG photo, or a PDF document? If so, then chances are it’s okay. Is it a document type you don’t recognise? If so, don’t open it. Check with the sender first.

6)      Anti-virus. If you are using a PC at home, make sure you have a security suite installed. There are plenty of good free versions like AVG, Avast, Avira, and Bitdefender.

7)      Public Wi-Fi is never secure. Be extremely sensitive about what you do from your laptop or phone via the Wi-Fi of your favourite coffee shop. NEVER do a financial transaction. NEVER log on to PayPal or any other internet banking system. Write documents and send emails, that is all.

8)      Stop clicking the Unsubscribe option at the bottom of an unwanted email. You cannot guarantee where that hyperlink will take you. Simply mark the email as spam instead.

9)      Facebook and other social-media. There are so many ‘interesting’ posts on Facebook that act as bait for your click. Your click will often be redirected and a hidden piece of code will be run that will cause you to ‘like’ a Facebook page without your consent or may lead you to survey sites that are profitable for the criminals involved. Facebook, Google, Amazon, and Twitter alone hold an enormous amount of your data. Criminals are very interested in getting hold of this data – especially when there is a good chance the email and password you use to log on will also be used by you for numerous other accounts elsewhere. They will also have access to your address, your family details, your mobile number, and (likely) your credit card, what you buy and when, your movements and whereabouts from moment to moment, and what you ate for supper last night.

10)  Keep your software up-to-date. Turn on automatic updates so that your browsers like Chrome and Firefox get regular automatic security updates.

At Solomons we have a securely encrypted portal,  this is the best way to communicate with us about anything that is data-sensitive. If you have not already done so, please register for our portal. We advise watching our short video first which is below.

Now head over to any page of our site, where it says CLIENT LOGIN (top right) or use this link:

CLICK HERE TO REGISTER FOR OUR PORTAL

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email info@solomonsifa.co.uk

GET IN TOUCH

Solomon’s Independent Financial Advisers
The Old Mill Cobham Park Road, COBHAM Surrey, KT11 3NE

Email – info@solomonsifa.co.uk 
Call – 020 8542 8084

7 QUESTIONS, NO WAFFLE

Are we a good fit for you?

GET IN TOUCH

Solomon’s Independent Financial Advisers
The Old Mill Cobham Park Road, COBHAM Surrey, KT11 3NE

Email – info@solomonsifa.co.uk    Call – 020 8542 8084

7 QUESTIONS, NO WAFFLE

Are we a good fit for you?

WARNING ABOUT EMAIL & WEB SCAMS2023-12-01T12:13:19+00:00

Take Five…. for fraud

Take Five

Not to be confused with Jazz musician Dave Brubeck, “Take Five” is a new initiative to counter-act financial fraud, which is increasing at an alarming rate. According to the latest UK financial crime statistics over a million financial fraud crimes were committed in the first 6 months of 2016. As we live in an online, 24/7 culture, that equates to about one every 15 seconds.

You will have certainly had various emails, which look rather obviously like a scam, but increasingly there are emails from businesses and organizations that you probably recognize, often attaching a document, invoice or receipt. In many instances these are viruses, some more harmful than others. Of course if you aren’t expecting an invoice, you might be concerned that you are being sent one erroneously and wishing to correct the matter, but alas, this is part of the scam.

Many email and internet scams, try to imbed a “Trojan Horse” within your computer, which gathers data about what you look at and your keystrokes. This is an attempt to gather access to your contacts (more punters to try) and of course your own personal information so that money can be spent, stolen or extorted.

Pause for thought

The new campaign “Take Five” is essentially an call to pause, to think carefully before you act  – take five seconds to pause. This is because much of the fraud that occurs could be prevented with this very simple strategy. Research has shown that 26% of people continue to provide personal bank details even though they suspect that they should not. 43% said that they shared their details because they felt the person seemed genuine, and 39% said it was because they felt pressured.

Catching you off guard

A staggering 38% of people report that they were busy and wanted to get them off the phone quickly. Of course, the fraudster is also very convincing. Surprisingly, about 37% of people thought they were being scammed during the conversation but still continued with the transaction and almost a quarter (23%) realised after the conversation had finished.

Fear and greed

Most things financial work around two basic dynamics, fear and greed. Fraud is no different; invariably the fraud appears to be helping you, perhaps providing protection for your computer or your bank account. The standard “confidence trick” in all its guises also reveals itself. Some frauds even dupe people into believing that they are assisting with catching a fraudster – playing on your goodwill and sense of social responsibility.

For more information on the Take Five campaign and various frauds please check this website.  For music by Dave Brubeck, well…

 

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email info@solomonsifa.co.uk

Take Five…. for fraud2023-12-01T12:19:08+00:00
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