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 Monday, October 13, 2008
Phishers adapt old scams to exploit bank turmoil

Scammers are exploiting meltdown in the banking sector in an attempt to trick users into handing over sensitive financial information.

Phishing emails commonly pose as security checks from a prospective mark's bank. The latest generation of the scam imitates communiques about bank mergers.

US consumer watchdog the Federal Trade Commission warned customers on Thursday not to take the bait. The FTC's alert - Bank Failures, Mergers and Takeovers: A "Phish-ermanís Special" - can be found here.

Although phishing scams have been around for at least five years - if not more - there are still plenty of suckers around to keep the scam profitable, even without considering the extra confusion added by the current banking crisis.

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