Beware of Scams: Criminals are Compromising Login Credentials23 Feb 2023
Internet fraud has become increasingly prevalent in today's digital age. Criminals are devising new and sophisticated methods to compromise the security of internet users and gain unauthorized access to sensitive information such as passwords, email addresses, and bank account details. Maldives Police Service has reported a surge in cases of fraudulent money transactions being carried out through internet banking, with many incidents linked to compromised login credentials.
According to recent investigations, fraudsters obtain internet banking usernames and passwords of unsuspecting victims through various means, including phishing scams. These scams often involve the use of fraudulent links sent via SMS or email in the name of reputable institutions and organizations. Unsuspecting individuals who click on these links are directed to websites that appear to be legitimate but are, in fact, fraudulent. Once the victims enter their login credentials, the scammers can access their accounts and carry out unauthorized money transactions.
In some instances, it has been observed that internet banking usernames and passwords are saved in the password manager of email accounts. As a result, when the email is compromised, the scammers can access this information, providing unrestricted access to internet banking services.
Moreover, individuals frequently access internet banking and email services from devices other than their own (untrusted devices), and passwords are saved in the browsers of such devices. This makes it easier for scammers to access sensitive information.
To determine whether their email addresses and passwords have been leaked in any international data breaches, individuals can use the https://haveibeenpwned.com link. This website provides information on data breaches and security breaches that have occurred globally.
The Maldives Police Service is actively working towards identifying and tracking down those responsible for such fraudulent activities. However, it is important for individuals to take measures to protect themselves from falling victim to these scams.
It is recommended to use two-factor authentication features when accessing internet banking services, change passwords periodically, and avoid using the same password for multiple accounts. Additionally, it is important to be cautious when clicking on links sent via SMS or email and to verify the authenticity of the website before entering any sensitive information.
The internet provides endless opportunities for individuals to access information and services, but it is important to remain vigilant and take necessary precautions to safeguard personal information from falling into the wrong hands. With increased awareness and education, individuals can protect themselves from internet fraud and ensure a safe and secure online experience.