April Cyber Tip
Search Engine Optimization (SEO)/Spoofed website Scam
We would like to share with you some information Schwab sent us regarding one of the fastest-growing scams in which a bad actor creates a “spoofed” website that is designed to convince users they are visiting a site owned by legitimate businesses, including the financial institutions you rely on, like Schwab.
To spoof a website, bad actors purchase “sponsored links” to fake sites which appear at the top of search results. Their goal is to boost their site’s visibility and lure unsuspecting users into clicking on them. These deceptive sites can pose serious risks by exposing investors to potential malware, identity theft and financial loss.
Here’s what to watch for:
1. URL errors and issues: Look for misspellings or unusual domain extensions.
2. Grammar and spelling mistakes: Legitimate sites take care to avoid errors.
3. False security notification: Once you click on the site link, you’re presented with a screen notifying you of a login issue and directing you to a hotline number. Wording on these fake sites may mention “unauthorized activity” or other details designed to trigger anxiety and panic.
4. Request for personal information: Schwab will never ask you over the phone for your account login password. If someone is asking you for your account login password by phone, do not provide it.
5. Privacy policy: Genuine sites will have a privacy policy available. If it’s missing, think twice.
Here’s how to protect yourself:
1. Avoid searching for a site: Use your saved bookmarks for visiting websites, especially financial ones, to avoid the risk of phishing and downloading malware.
2. Question urgency: Take a moment to verify the information through official channels.
3. Use secure networks: Access financial accounts only through secure networks and enable multi-factor authentication where possible.
4. Call before acting: If you have concerns about a site or link, it’s always best to call us before taking any action.
Remember we are here to help. If you are ever in doubt about the legitimacy of a communication from Schwab or Lantz Financial, please call us immediately.
1733 Park Street Suite 350 Naperville, IL. 60563
(331) 204-6230 Direct
(331) 229-8632 Fax
Investment advisory services provided by Lantz Financial, LLC, an SEC registered investment adviser.
Non-investment topics discussed are for informational purposes only and should not be considered legal, tax or cybersecurity advice. Individuals should consult with their own legal, tax or cybersecurity expert concerning their own specific situation.
