What will happen is you'll receive an email with genuine looking link saying you might need to reset your passwords or something like that. Once you click on the link you'll be directed to special-made website that looks similar to your banking website. Now you will start to believe and will enter your password and try to change that. But what in real is happening is you are giving information to malicious attacker. Once you hit submit hacker will re-direct to your original banking website. Your password is already stolen and you don't even know that. Hacker can now login to your bank and transfer the money with your provided credentials.
Beware of such attacks. There are various ways you can be alert... Here I list down 10 of them
- Don’t trust the display name of who the email is from
- Look but don’t click
- Check for spelling errors
- Consider the salutation
- Is the email asking for personal information?
- Beware of urgency
- Check the email signature
- Be careful with attachments
- Don’t believe everything you see
- When in doubt, contact your technical person
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