A new phishing scam is targeting online bank users of an all-digital bank in the United Kingdom, Monzo, wherein hackers attempt to access their accounts to steal their stash of money.
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(FILES) In this file photo taken on August 04, 2020, Prince, a member of the hacking group Red Hacker Alliance who refused to give his real name, uses his computer at their office in Dongguan, China’s southern Guangdong province. – As the number of online devices surges and super-fast 5G connections roll out, record numbers of companies are offering up to seven-figure rewards to ethical hackers who can successfully attack their cybersecurity systems.
New Phishing Scam Targets Digital-Only Bank
As per a news story by Bleeping Computer, one of the biggest if not the largest digital-only banks in the United Kingdom, Monzo, is now a victim of a growing number of phishing websites, pretending to be the UK online bank.
It is worth noting that Monzo is one of the first online banking platforms in the United Kingdom, which tried to take on the challenge of not having any brick and mortar banks in place.
As such, all of the banking activities are done in its app, which sports tons of financial features, as well as a comprehensive system that detects various fraud activities.
However, a new phishing scam is attempting to overcome the fraud detection system of Monzo to access the bank accounts of its customers,…
