These are the scams that enter your inbox and pretend to be from a legitimate source.
How this could happen
You get an email that looks like it’s from your bank. It tells you that in order to avoid account closure you need to update your personal details or login in the website immediately by clicking the provided link.
Because you’re convinced that it’s real, you click the link and perform the action.
The link is fake, and the scammer now has your account details (including your password).
The scammer uses your details to log into your account, and transfers your money to a different account or other electronic fund transfer service where it will be withdrawn immediately.
Read more about how to avoid being a victim of Phishing and other scams in our tips page.