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Banking on Safety: How Banks Are Empowering Customers to Combat Phishing Scams

Phishing scams have become one of the most prevalent cyberattacks across the cybersphere, resulting in devastating consequences including identity theft and financial loss, as well as harmful damage to the reputation of the companies being spoofed.  Some of the most often-phished brands include Amazon, Google, Apple, Facebook and Netflix, and the list continues to grow.  As a result, their customers have become major targets via the use of social engineering techniques to convince recipients to take action, by clicking on a malicious link or downloading an attachment.

In addition, phishing scams involving financial institutions have risen significantly in recent years.  As a result, these institutions such as Wells Fargo are taking steps to educate its customers on how to spot these fraudulent practices to protect their financial information.  Its website contains detailed information on how to avoid phishing scams, along with telltale signs to look for.

To learn more about phishing scams and how to detect fraud, visit their Security Center page or check for security information on your bank’s website.

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