Technique use in Identity Theft

I found out that this video link below is quite interesting that describe how Identity Theft is being done through phising.

Sample of Phising Technique

**phishing can be define as criminally fraudulent process of attempting to acquire sensitive information such as usernames, passwords and credit card details by masquerading as a trustworthy entity in an electronic communication. Communications purporting to be from popular web sites

It is considered serious also where Malaysian Communication And Multimedia Commission (MCMC) received 40-50 emails of phishing attempts on local bank in Malaysia every day. Maybank and CIMB become the target for phising of Identity Theft.

Phising of emails usually happened in banks for example Maybank and CIMB bank where phising email is sent to user to ask for activation of bank account. Once user, click on the web page and key in there username and password and click submit. The user information will be sent to syndicate gang to use the information for crime purpose without notice to user and bank. User will notice after the fraud happened and at the end have to pay for the fraud that is charge under the user name.

Because in cyber world, identity theft is hard to be detected and the fraud method can be changed from time to time. To avoid this from keep on happening to bank users, Maybank have to inform his customers regarding the identity theft that happened and have to remind bank customers not to trust any emails that claim to be Maybank. Maybank will not send email to their customers. These emails should be treated as spam.

From my opinion, identity theft is unavoidable to bank. But if always happened to the same bank, the bank customers will lose their trust to the bank and will slowly effect the bank reputation and image.
For more information about phising in Malaysia, please visit below url
Phising Emails