quora
Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

HSBC Bank SMS Phishing Scam Targets UK Victims

HSBC Bank

A new phishing scam, designed to lure victims into handing over their HSBC bank account details, is targeting people in the UK

This scam was discovered by a litigation specialist Griffin Law. It starts with a bogus text message claiming to be from the banking and finance giant informing the receiver that a new payment has been made through the HSBC app on their phone. 

The victims are asked to visit a site “Security.hsbc.confirm-systems.com” if they have not made any payment. This directs them to a fake landing page where they are asked for their personal information like username and password, followed by a series of verification steps.

According to Griffin Law, almost 50 people in the UK have received such text messages so far. Some of them were able to identify the scams as they did not have a HSBC app installed in their mobile phones. Thankfully, there have been no more reports of the scam being successful, as per Griffin Law.

SVP, Barracuda Networks, Chris Ross,  said: 

“This is the latest in a long line of increasingly sophisticated phishing scams, designed to trick the victim into handing over their personal financial details. Increasingly, we are seeing examples of cyber-criminals using the branding of major banks to create realistic-looking fake websites, in order to extract personal financial information.”

All companies and users must remain vigilant of such scams to tackle the situation. SMS messages are often used by criminals to get a user’s personal mobile number. Security awareness within the workforce is crucial to trace and tackle such scams.

Related Posts

News

UK NCA Recovers $7.5 Million from Azerbaijani Laundromat Probe

The UK’s NCA has recovered 5.6 million pounds ($7.5 million) from bank accounts in the country wh...

UK NCA Recovers $7.5 Million from Azerbaijani Laundromat Probe Explore More

News

Singapore Monetary Authority to Review Rising Card Scam Cases

The Monetary Authority of Singapore (MAS) is reviewing the liability framework for card scams, gi...

Singapore Monetary Authority to Review Rising Card Scam Cases Explore More

News

Russian Government to Take Regulatory Steps to Harmonize Crypto Market.

Prime Minister of Russian has suggested that crypto should be recognized through the nation’s tax...

Russian Government to Take Regulatory Steps to Harmonize Crypto Market. Explore More

News

OCBC Fines Money Laundering Suspect $19.7million

The Oversea-Chinese Banking Corporation (OCBC) has fined the individuals involved in Singapore’s ...

OCBC Fines Money Laundering Suspect $19.7million Explore More

News

Founders of US Crypto Firm Charged with Assisting North Korean Hacking Group in Laundering Money

Two co-founders of the cryptocurrency firm Tornado Cash, Roman Semenov and Roman Storm, were char...

Founders of US Crypto Firm Charged with Assisting North Korean Hacking Group in Laundering Money Explore More

News

UK Government Aims to Recover £1 Billion Lost Funds Over the Next Decade

The UK Government has put technology as the front and centre force to fight crimes and reinforce ...

UK Government Aims to Recover £1 Billion Lost Funds Over the Next Decade Explore More

News

EU to Introduce Uniform Legal Framework for Crypto Assets

The EU is negotiating on new rules for introducing a uniform legal framework for crypto assets wi...

EU to Introduce Uniform Legal Framework for Crypto Assets Explore More

News

FCA Raises Major Concerns about Investing in Non-Fungible Tokens (NFTs)

The FCA highlighted the significant risk associated with the Non-Fungible Tokens (NFTS) which may...

FCA Raises Major Concerns about Investing in Non-Fungible Tokens (NFTs) Explore More

News

Central Bank of UAE Penalized Exchange House Dhs504,000 for AML/CFT Breach

UAE’s exchange house has weak measures to fight money laundering and terrorism financing and requ...

Central Bank of UAE Penalized Exchange House Dhs504,000 for AML/CFT Breach Explore More

News

Swiss Watchdog FINMA Mandates AML Policies on Crypto

The new legislation is trying to combat money-laundering following a series of major scandals in ...

Swiss Watchdog FINMA Mandates AML Policies on Crypto Explore More

News

UAE Central Bank Issues New AML/CFT Guidelines for Licensed Financial Institutions

CBUAE (Central Bank of UAE) has administered new AML/CFT guidance for Licensed Financial Institut...

UAE Central Bank Issues New AML/CFT Guidelines for Licensed Financial Institutions Explore More

News

Jamaica Passes a New Bill to Counter Money Laundering

The Senate has approved the Company (Amendment) Act 2023, which will enable Jamaica to meet inter...

Jamaica Passes a New Bill to Counter Money Laundering Explore More

News

FACT Urges Treasury to Implement Landmark Corporate Transparency Act

FACT has urged the treasury department to impose crucial changes to draft regulations and impleme...

FACT Urges Treasury to Implement Landmark Corporate Transparency Act Explore More

News

Blockchain officially becomes part of China’s tech strategy

According to the National Development and Reform Commission (NDRC), China will use Blockchain to ...

Blockchain officially becomes part of China’s tech strategy Explore More

News

Shanghai police warn citizens to beware of online romance frauds

Shanghai police are warning people to be aware of Romantic Internet scams in which victims lose a...

Shanghai police warn citizens to beware of online romance frauds Explore More

News

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens

The ICAIE released a new report called “The Dark Side of Illicit Economies and TBML: Free T...

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens Explore More

News

Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations

In a settlement with the Office of Foreign Asset Control (OFAC), Poloniex LLC, a former subsidiar...

Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations Explore More

News

Media Industry Suffer Huge Increase in Cyber-Attacks

The media industry is increasingly under the threat of cyberattacks. It suffered 17 billion crede...

Media Industry Suffer Huge Increase in Cyber-Attacks Explore More

News

Crypto exchange owner admits laundering $1.8M in online auctions fraud

Vlad-Calin Nistor and 14 other accused, including the owner of a car wash, have all entered guilt...

Crypto exchange owner admits laundering $1.8M in online auctions fraud Explore More

News

Hong-Kong Police Crack money-laundering Cartel of Processing HK$119 Million in 2 months

Hong Kong police have rounded up 11 men in a crackdown on a cross-border syndicate with a suspect...

Hong-Kong Police Crack money-laundering Cartel of Processing HK$119 Million in 2 months Explore More

News

Online fraudsters steal £17m over COVID-19 lockdown

About £17 million have been lost due to online fraud over the Coronavirus lockdown period with yo...

Online fraudsters steal £17m over COVID-19 lockdown Explore More

News

UAE Levies Charges Over DH115 Million to Combat Money Laundering

A total of Dh115 million ($31.3 million) has been fined by the UAE in its efforts to impede money...

UAE Levies Charges Over DH115 Million to Combat Money Laundering Explore More

News

‘Businesses need to brace for Iranian Cyberattacks’ – warns Homeland Security

The news of the assassination of Iranian military commander, Qaem Soleimani, is all over the medi...

‘Businesses need to brace for Iranian Cyberattacks’ – warns Homeland Security Explore More

News

EDD Fraud Scandal in California – 87 Suspects Arrested

Within two weeks, the Beverly Hills Police have arrested 87 people that are suspected to be invol...

EDD Fraud Scandal in California – 87 Suspects Arrested Explore More

News

Bank of Queensland Commits to Anti Money Laundering Laws and Risk Management

Bank of Queensland Ltd (BOQ.AX) disclosed that separate agreements had been reached with the coun...

Bank of Queensland Commits to Anti Money Laundering Laws and Risk Management Explore More

News

WHO Warns about Online Job Scams during COVID-19 Pandemic

A message shared on WhatsApp and Facebook claims that the World Health Organization (WHO) is adve...

WHO Warns about Online Job Scams during COVID-19 Pandemic Explore More

News

EFCC Enforces Real Estate Agents to Comply with Anti-Money Laundering (AML) Regulations

The Economic and Financial Crimes Commission (EFCC) urges real estate agents to strengthen their ...

EFCC Enforces Real Estate Agents to Comply with Anti-Money Laundering (AML) Regulations Explore More

News

FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies

A major path of money laundering and tax evasion has been shut off by FinCEN with their new regul...

FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies Explore More

News

FBI Seizes $1.7M During 3-Month Crypto Operation

During a 3-month operation from March to May, the FBI seized $1.7m worth of cryptocurrencies, inc...

FBI Seizes $1.7M During 3-Month Crypto Operation Explore More

News

PBOC Issues Risk-Based Account Opening Guidelines for SMEs

The PBOC has issued guidance on Oct 14, 2021, for SMEs to adopt a Risk-Based Approach (RBA) when ...

PBOC Issues Risk-Based Account Opening Guidelines for SMEs Explore More

News

HSBC Fined £64m for “Unacceptable AML Failings”

HSBC was fined by the UK’s financial regulator for ‘deficient transaction monitoring controls’. W...

HSBC Fined £64m for “Unacceptable AML Failings” Explore More

News

Bulgarian Prosecutors Investigate Crypto Lender Nexo for Alleged Illegal Activities

Bulgarian officers have launched an investigation against Nexo as the crypto Lender was involved ...

Bulgarian Prosecutors Investigate Crypto Lender Nexo for Alleged Illegal Activities Explore More

News

AUSTRAC Warns Banks Against Closing Accounts of Crypto Traders

AUSTRAC shows full support for the Australian crypto industry and is issuing warnings to banks ag...

AUSTRAC Warns Banks Against  Closing Accounts of Crypto Traders Explore More

News

OCC Warns Federal Banking System of Crypto & Cybersecurity Risks

The OCC has warned the federal banking associations, branches and agencies on crypto-asset and cy...

OCC Warns Federal Banking System of Crypto & Cybersecurity Risks Explore More

News

US government favours a hands-off approach to AI’s regulation

The white house listed 10 principles that federal agencies should consider when drafting laws and...

US government favours a hands-off approach to AI’s regulation Explore More

News

South Kesteven Council Strengthens AML Controls for Right to Buy Scheme

South Kesteven council tightened the anti-money laundering controls over questions raised by buye...

South Kesteven Council Strengthens AML Controls for Right to Buy Scheme Explore More

News

South Korea Demands Crypto Exchange Data from Banks for Tighter Regulations

The financial regulators in South Korea are seeking crypto exchange data from the banks in order ...

South Korea Demands Crypto Exchange Data from Banks for Tighter Regulations Explore More

News

First Canadian bank introduces digital ID verification

Digital Identity is progressing in Canada, with a new bank account opening process backed by digi...

First Canadian bank introduces digital ID verification Explore More

News

Europol and EU Member States Launch Operation Targeting Assets of Sanctioned Entities

Europol and EU member states along with Eurojust and Frontex have launched Operation Oscar to ass...

Europol and EU Member States Launch Operation Targeting Assets of Sanctioned Entities Explore More

News

EU Endorses New Crypto Tax Data Sharing Rules

Strict obligations are set to be implemented in the EU’s digital assets industry. Tax authorities...

EU Endorses New Crypto Tax Data Sharing Rules Explore More

News

FCA Raises Major Concerns about Investing in Non-Fungible Tokens (NFTs)

The FCA highlighted the significant risk associated with the Non-Fungible Tokens (NFTS) which may...

FCA Raises Major Concerns about Investing in Non-Fungible Tokens (NFTs) Explore More

News

South Africa Must Fix Holes in Money Laundering Regulation by 2025, Warns FATF

South Africa needs to improve its Anti-Money Laundering and Counter-Terrorist Financing regulatio...

South Africa Must Fix Holes in Money Laundering Regulation by 2025, Warns FATF Explore More

News

FINMA Penalizes Swiss Bank over Money Laundering of $78 Million

The Swiss regulatory authority, FINMA, initiated a lawsuit against the senior management at Juliu...

FINMA Penalizes Swiss Bank over Money Laundering of $78 Million Explore More

News

FMA Sues Tiger Brokers for AML/CTF Breaches

The Financial Markets Authority (FMA) has filed court proceedings against Tiger Brokers for alleg...

FMA Sues Tiger Brokers for AML/CTF Breaches Explore More

News

Iran’s Finance Ministry Releases List of Individuals Suspected of Money Laundering

The Finance Ministry of Iran has released its first list of individuals suspected of having links...

Iran’s Finance Ministry Releases List of Individuals Suspected of Money Laundering Explore More

News

FATF puts Morocco on the Gray List for Pervasive Money laundering

Financial Action Task Force, the global regulatory watchdog for money laundering, has placed Moro...

FATF puts Morocco on the Gray List for Pervasive Money laundering Explore More

News

Singaporean Banks Enhance Security to Combat Financial Crime

The Monetary Authority of Singapore (MAS) stated that the country’s banks are enhancing security ...

Singaporean Banks Enhance Security to Combat Financial Crime Explore More

News

Ransomware gang failed to deploy an attack against 30 US firms

A ransomware attack was blocked by a group by the Cybersecurity firm Symantec known for demanding...

Ransomware gang failed to deploy an attack against 30 US firms Explore More

News

British Columbia Makes Regulatory Change to Combat Money Laundering

The British Columbia government is providing the gambling regulator of the province more independ...

British Columbia Makes Regulatory Change to Combat Money Laundering Explore More

News

IMF Seeks Tighter Checks on Kenyan Banks Amid Money Laundering Concerns

The International Monetary Fund (IMF) is tightening the checks to prevent money laundering and wa...

IMF Seeks Tighter Checks on Kenyan Banks Amid Money Laundering Concerns Explore More

News

FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack

US Federal Bureau Investigation (FBI) has revealed that the North Korean hacking group, Lazarus, ...

FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack Explore More

News

Global regulators propose stricter scrutiny of derivatives clearers amidst deadlock with banks

LONDON – Global regulators have suggested greater scrutiny of clearinghouses managing trill...

Global regulators propose stricter scrutiny of derivatives clearers amidst deadlock with banks Explore More

News

Jamaica Shows Significant Progress in Anti-Money Laundering Compliance

Jamaica impressively complied with 37 recommendations from 40 international Financial Action Task...

Jamaica Shows Significant Progress in Anti-Money Laundering Compliance Explore More

News

New AML Reforms ‘Tranche 1.5’ Take Effect in Australia

In an attempt to streamline customer verification and correspondent banking, AUSTRAC has issued r...

New AML Reforms ‘Tranche 1.5’ Take Effect in Australia Explore More

News

Nigerian Parliament Strengthens AML/CTF Laws for Real Estate Industry

Nigerian real estate regulatory authority to mandate businesses to comply with AML/CTF compliance...

Nigerian Parliament Strengthens AML/CTF Laws for Real Estate Industry Explore More

News

New Zealand’s FMA Issues New ID Verification Guideline

A new explanatory note has been issued by New Zealand identifying the sources of information that...

New Zealand’s FMA Issues New ID Verification Guideline Explore More

News

CBN Introduces New Anti-Money Laundering Rules for Microfinance Banks

The Central Bank of Nigeria has issued a guidance note that is aimed to prevent money laundering ...

CBN Introduces New Anti-Money Laundering Rules for Microfinance Banks Explore More

News

Canadian financial watchdog geared up for FATF compliance

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) plans on closely regul...

Canadian financial watchdog geared up for FATF compliance Explore More

News

Binance in Trouble for Allegedly Aiding Money Laundering Worth $2.35 Billion

An inquiry into the world’s biggest crypto exchange Binance has revealed that it has aided money ...

Binance in Trouble for Allegedly Aiding Money Laundering Worth $2.35 Billion Explore More

News

Former NFL Player Guilty of Identity Theft, COVID-19 Relief Fraud

Ex NFL player has been found guilty to one count of unauthorized access device fraud and one coun...

Former NFL Player Guilty of Identity Theft, COVID-19 Relief Fraud Explore More

News

FATF Withdraws Switzerland From AML Enhanced Measures List

The Financial Action Task Force (FATF) removed Switzerland from the enhanced money-laundering com...

FATF Withdraws Switzerland From AML Enhanced Measures List Explore More

News

Despite the Concerns, Arizona Bans Vaccine Passports for Government

Governor of Arizona, Doug Ducey has restricted the local and state government agencies from askin...

Despite the Concerns, Arizona Bans Vaccine Passports for Government Explore More

News

“Lack of Face-to-Face Verification is a Risk for FIs”, Reported MAS & ABS

Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (BAS) have publis...

“Lack of Face-to-Face Verification is a Risk for FIs”, Reported MAS & ABS Explore More

News

Australia’s Money Laundering Failures Increase Risk of Russia Sanctions

Australia is facing embarrassment on the possibility of being placed on the FATF’s “grey list” fo...

Australia’s Money Laundering Failures Increase Risk of Russia Sanctions Explore More

News

TD Banking Group Expects US Penalties for Money Laundering

TD Banking Group disclosed that they expect fines and non-compliance penalties related to US auth...

TD Banking Group Expects US Penalties for Money Laundering Explore More

News

Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog

Credit cards should not be used for crypto-related transactions, as stated by Taiwan’s financial ...

Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog Explore More

News

“Pension Fraud Hits £1.8 Million so far in 2021”, National Reporting Centre

National Reporting Centre for fraud and cybercrime has reported £1.8 million has already been los...

“Pension Fraud Hits £1.8 Million so far in 2021”, National Reporting Centre Explore More

News

FATF Discloses Outcomes of October Plenary Meeting

The international regulatory authority, Financial Action Task Force (FATF), concluded its fourth ...

FATF Discloses Outcomes of October Plenary Meeting Explore More

News

US Infrastructure Bill Eyes on Introducing Stringent Crypto Provisions

The infrastructure bill proposed in the US Congress aims at revamping how crypto exchanges perfor...

US Infrastructure Bill Eyes on Introducing Stringent Crypto Provisions Explore More

News

Gamers Must Be Aware of long-Scale Click Fraud Campaign- Says Microsoft

Microsoft alerted gamers regarding wide-spreading click fraud. Cybersecurity personals said that ...

Gamers Must Be Aware of long-Scale  Click Fraud Campaign- Says Microsoft Explore More

News

Peru Set Rules For Virtual Assets Platforms Under Anti-Money Laundering Regime

The Peruvian government ordered virtual assets service providers to report their activities to th...

Peru Set Rules For Virtual Assets Platforms Under Anti-Money Laundering Regime Explore More

News

Australian Law Council Reports Reveals Risks in Legal Attorney’s AML Measures

The Australian Law Council revealed a report that shows loopholes in attorneys’ compliance ...

Australian Law Council Reports Reveals Risks in Legal Attorney’s AML Measures Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started