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Latest Spam Scam Targets Bank Of America Customers

Bogus email warns of "invalid login attempts"

September 3, 2007

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Identity thieves continue to exploit consumers’ growing concerns about identity theft to steal their identities. Their latest email phishing scheme targets Bank of America customers.

The email looks official enough. It bears the Bank of America logo and the heading “Security Update Alert.”

“Because of unusual number of invalid login attempts on you account, we had to believe that, their might be some security problem on you account,” the advisory states. “So we have decided to put an extra verification process to ensure your identity and your account security. Please follow the link below and fill in the necessary requirements.”

The fractured syntax and problematic grammar quickly reveal this to be a fake. Those unwary enough to click on the provided link will be taken to a bogus site where they will be asked to enter their account user name and password.

If they do, the scammer captures it and uses it to clean out the account.

Consumers who happen to be Bank of America customers are the most likely to think this email is legitimate. However, BOA and other legitimate companies say they never ask customers to reveal sensitive information in response to an email.

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