After years of declining, phishing is on the up. In 2018, the (monetary) damage caused by it had almost quadrupled compared to previous years. According to figures from the Dutch Payments Association and the Dutch Banking Association (NVB), this year the damages from phishing have yet again increased.
In the first half of this year, banking customers collectively lost 3,1 million euros due to phishing scams. This is a considerable increase compared to the 2,4 million lost in the second half of last year. Banks luckily cover the damages in the majority of cases.
Phishing is on the rise and so is fraud when it comes to bank cards. In the last half of 2018, bankcard fraud accrued damages of two million euros. In the first half of this year, this figure increased to 2,6 million euros. Notably, around half of all bank cards were stolen via the internet. Scammers convinced victims that they needed to swap their cards and then got them to type in their pin number on a fake website and send their card via the post to said scammers.
According to the Dutch Payments Association, the increase in phishing scams can be explained by the fact that it is getting easier and cheaper to set up a phishing website. Spokesperson Berend Jan Beugel states that the fact that there are more of them means that there are more attacks and the fake websites become increasingly credible.
Phishing scams are being carried out via text message and WhatsApp message more and more often, as opposed to email. Scammers will often pretend they are an acquaintance and say they need money for an emergency. They may also send a message making it look like a large sum of money has been taken from the victim’s account. When the victim clicks on the link to see what’s going on, they end up on a fraudulent website. Fake payment requests are also a popular means of phishing.
No one wants to be the victim of a phishing scam. Here are some tips from the Dutch Payments Association: