29 August 2014

Phishers take aim at MasterCard SecureCode

10 April 2008  |  21139 views  |  0 fish

Security experts are warning of a new phishing scam in which fraudsters are targeting MasterCard customers with false promises of discounts on future purchases.

The phishing e-mail masquerades as a message from MasterCard encouraging users to sign up for the card network's SecureCode protection programme and offering a 16% discount on future purchases made with the card.

Users that click on the link in the spam mail are re-directed to a spoofed phishing site and told to supply confidential data including credit card expiration date, date of birth and the three digit security code located on the back of their plastic card.

SecureCode was introduced by MasterCard in 2002 to protect confidential cardholder data over the Internet. The system requires customers making online purchases to verify their identity with a password.

Carole Theriault, senior security consultant, Sophos, says: "MasterCard has been very successful in positioning SecureCode as the answer to online fraud, and with so many computer users growing increasingly worried about the risks of shopping online, the prospect of greater security and money off can be too much to resist."

"What's more, phishers are putting a lot more effort into their scams these days and to the undiscerning eye, it's almost impossible to tell this isn't the real MasterCard site," she adds.
KeywordsPHISHING

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related stories

22 February, 2008
25 January, 2008
17 December, 2007
31 August, 2007
11 January, 2006
19 August, 2004
14 November, 2003
23 September, 2002

Related company news

 

Featured job

Competitive (base, bonus, benefits)
Boston, MA (USA)

Find your next job