It’s certainly not a good idea to ignore an email from your financial institution. Even if it’s just a “statement summary,” it’s important to verify the income and expenses associated with your account. If you receive an email from your bank, don’t disregard it.
If you bank with Wells Fargo, however, thoroughly read any email you receive before taking any action. A recent email phishing scam posing as the Wells Fargo banking institution is currently circulating.
Let’s take a look at what this email looks like, and how you can avoid giving your private information to a cybercriminal.
What Is the Wells Fargo Scam?
The Wells Fargo phishing email looks like the following image:
The “xxx” is where a fake link is placed for you to enter your credentials to gain access to your account. The link will take you to an insecure site that will do one of two things: 1) Give bank account access to a cybercriminal, or 2) Automatically download malware to your computer so the scammer can retrieve your data manually.
Phishing emails that contain insecure links have been circulating the internet for quite some time. The goal is to gain access to your private information in order to steal your identity. Cybercriminals will often attack an unsuspecting victim’s bank account in order to obtain personal information.
How to Spot a Fake Wells Fargo Email
If you receive an email from Wells Fargo that looks remotely similar to the above image, call your bank immediately. If there is ever an issue with your bank account, you should receive a call directly from Wells Fargo rather than an email.
You should also notice that any email from Wells Fargo, as well as any other banking institution, would include the last four digits of your account number along with your name. The above email had neither.
Although this email contained no spelling or grammatical errors, typical phishing emails will usually have an error or two. This is a strong indication that the email is fake.
Another way to verify whether or not an email is fake is to hover over the link provided to see the name of the website you will be redirected to. If it’s anything other than https://www.wellsfargo.com, don’t click it.
Also, if you don’t have a bank account with Wells Fargo, you wouldn’t be receiving an email from them even if it was legitimate. Do others a favor and report the incident anyway so that others can be made aware.