I received this online banking phishing scam in my email account today so it provides a good example of what you need to be on the lookout for. This one was not ideally targeted for me since I do not bank at HSBC but no matter these type of scams impersonate all types of banks and online financial service accounts. If this had been from your bank what would you have done? If you clicked on it you would have likely been asked to provide your login and password information or your machine would have been infected with malware and in either scenario your account would be at extreme risk.
Here are some tips on dealing with phishing emails from banks or other financial companies requesting you to click on them:
1. Legitimate companies will not email you requesting you to take immediate action or threaten immediate suspension of your account. That is a threat that real businesses will not make so you should take that as a warning sign that this is a scam.
2. If you point your cursor over the intended link (but don’t click on it) you’ll notice it is often not the actual company it is pretending to be. I say often because there are techniques that will make it appear as such so do not use this as a fool proof measure.
3. If you do need to check on your account status never do it via an email link but instead do it from a saved link to the site that you know to be legitimate. In the example above that means having your own link to your HSBC account and not clicking on the link bait provided.
4. Always be skeptical of unsolicited emails and treat them as untrusted and revert to step 3 above for accessing sensitive accounts.