Customers and non-customers of a credit union recently received fraudulent emails as part of an elaborate phishing scam. It appears that the fraudster included IDology’s brand as part of their attempt to capture consumers banking information by setting up a fake website that looks similar to our corporate website.
First, I would like to emphatically say that IDology is dedicated to consumer privacy and protecting sensitive data. It’s important to understand that while our services might involve consumer interaction, we do not directly target consumers. Our “customers” are businesses. This means we would never capture personal information like a SSN or bank account information from anyone on our website.
Ironically, if the hosting provider had been using our services then we would have spotted the fraud before they could have set up the website. I am wondering how much less phishing scams would occur for financial institutions if the hosting provider required identity verification before they hosted a website.
Here are some great sites to visit to learn more about phishing scams and fake emails and how to recognize them: