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Security Advisory: Phishing Scams and How to Defend Against Them
Security Advisory: Phishing Scams and How to Defend Against Them
Updated over 2 months ago

Phishing attacks can lead to severe consequences, such as financial loss and identity theft. Therefore, understanding how phishing operates and safeguarding yourself is crucial for maintaining online security.

Types of Phishing Attacks:

Phishing takes on various forms, each aiming to deceive users in distinct ways, as explained below:

  • Email Phishing: This is the most common type, where attackers send emails that appear to be from legitimate sources, urging recipients to click on malicious links or disclose personal information.

  • Spear Phishing: Targeted at specific individuals or organizations, spear phishing involves personalized content to enhance credibility.

  • Whaling: This is a specialized form of spear phishing that targets high-profile individuals, like executives or public figures.

  • Smishing: This is phishing via SMS (i.e., text messages), where attackers send messages containing malicious links or requests for personal information.

  • Vishing: Voice phishing is conducted over the phone, where attackers impersonate legitimate entities to extract sensitive information.

  • Clone Phishing: Attackers replicate legitimate emails, modifying them to include malicious content.

Understanding these different types of phishing attacks, complemented by following the precautions below, will enable you to effectively recognize and mitigate potential threats:

  • Verify the Source: Always verify if the message is genuinely from Funding Societies.

  • Avoid Clicking on Links: Instead of clicking on links in emails, manually navigate to Funding Societies' official website. For example, if the email claims to be from Funding Societies, ensure the link starts with https://fundingsocieties.com and not with, say, https:://fundingsocieties.xyz.com.

  • Look Out for Spelling and Grammar Errors: Funding Societies typically proofread our communications. Spelling mistakes or poor grammar can be indicators of a phishing attempt.

  • Evaluate Content and Tone: Phishing messages often create a sense of urgency, such as threats that your account will be locked unless you respond immediately. Funding Societies generally do not make such demands.

  • Contact Us Directly: Instead of using the contact details provided in a suspicious message, obtain Funding Societies' official contact information from our website and contact us directly to verify if the message is legitimate.

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