BancorpSouth Initiates Electronic and Legal Action to Combat Fraudulent Emails
May 18 2006 - 8:38PM
PR Newswire (US)
TUPELO, Miss., May 18 /PRNewswire-FirstCall/ -- BancorpSouth
(NYSE:BXS) has initiated electronic and legal actions to combat
fraudulent emails -- commonly called "phishing" -- being received
by customers as well as non-customers. Other financial institutions
and businesses also have experienced similar fraud. This is a form
of identity theft, a serious crime that affects 10 million people
in America each year. "The current rash of emails seems to be
directed to government and educational email addresses," says Cathy
Talbot, vice president, Corporate Security Department,
BancorpSouth. "These messages are urging people to 'update,'
'validate' or 'confirm' their account information. The email may
even offer a gift card or other incentive to provide your personal
information." Common phishing requests ask for: - Social Security
number - Checking account number - Debit card or credit card number
- Personal Identification Number (PIN) - Security number on the
back of your debit card or credit card Talbot stresses, "Financial
institutions will never send an email requesting personal
information or information about an account. BancorpSouth provides
consumer fraud alerts and information on our website,
http://www.bancorpsouth.com/. The bank continues to be proactive,
notifying our customers of suspected fraudulent schemes." In the
Federal Trade Commission's (FTC) consumer alert entitled, "How Not
to Get Hooked by a 'Phishing' Scam," certain suggestions are made
to help consumers: 1. Do not reply to an email or pop-up message
that asks for personal or financial information. Do not click on
the link within the email message. 2. Use antivirus software and a
firewall, and keep them up to date. 3. Do not send personal or
financial information in response to an unsolicited email. 4.
Review credit card and bank account statements as soon as they are
received to check for unauthorized charges. 5. Be cautious about
opening any attachment or downloading any files from email
messages. 6. Consumers who have been scammed can file their
complaint at http://www.ftc.gov/ and should visit the FTC's
identity theft Web site at http://www.consumer.gov/idtheft. For
free information on consumer issues, visit http://www.ftc.gov/ or
call 1-877-FTC-HELP (1-877-382-4357). DATASOURCE: BancorpSouth,
Inc. CONTACT: Cathy Talbot, +1-662-620-4104, or Randy Burchfield,
+1-662-620-4302, both of BancorpSouth, Inc. Web site:
http://www.bancorpsouth.com/ http://www.ftc.gov/
http://www.consumer.gov/idtheft
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