Email purporting to be from UK banking group HSBC claims that you must click a button to allow HSBC Safeguard to protect your account from financial crime and online fraud. It warns that the bank has temporarily disabled your online and physical services until you complete your HSBC Safeguard action.
The email is not from HSBC and the claim that your account will be disabled until you update HSBC Safeguard is untrue. Instead, the email is a phishing scam designed to steal your personal and financial information.
HSBC Safeguard is a real security initiative offered by the bank. But, in this case, the scammers have used the name of this genuine security initiative as a means of adding credibility to their message.
If you click the “Update” button, you will be taken to a fraudulent website that first asks for your HSBC login details and then requests that you fill in an “account update” form. The form asks for your credit card and banking details along with other personally identifying information.
All of the information you supply will be collected by criminals and used to hijack your money, commit credit card fraud, and steal your identity.
Last updated: November 24, 2016
First published: November 24, 2016
By Brett M. Christensen