Cyber Security Cyber Security

The impact of digitalisation on the business activities of banks is growing. However, this increasing digitalisation also entails the risk of becoming a victim of cyberattacks. Liechtenstein banks therefore invest considerable sums in IT security in order to offer their clients the best possible protection against cyberattacks.

In addition to the technical means of defence, however, raising the awareness of users of online services is of fundamental importance. The most frequent cause of attacks on the internet is still human fallibility. The methods of cyber scammers are becoming increasingly imaginative and are often difficult to detect. With cleverly forged e-mails, text messages, and spoofed websites, scammers manage to trick online users into revealing their personal, financial, and professional information or even initiating transactions. It is therefore particularly important for the Liechtenstein Bankers Association to continuously inform and sensitise the public. The most significant activities include regular participation in the European Cyber Security Month, which takes place annually in October, and support for the Cyber Security Liechtenstein association.

Oktober – European Cyber Security Month 2018

Review your digital life and don’t become a victim of cyber scams – the 7 most common cyber scam attacks.

As part of the European Cyber Security Month (ECSM) 2018, Europol, the European Banking Federation (EBF) and their partners from the public and private sectors launched a joint awareness campaign on cyber scams in October. The Liechtenstein Bankers Association (LBA) also participated in this campaign to raise awareness among citizens.

For this campaign, awareness material was made available especially on social media. Together with its member banks, the LBA also published awareness material and several articles in the regional media.

In a simple way, the awareness material presents the seven most common cyber scam attacks. Tips are provided on how to better protect personal, financial, and professional data online:

CEO fraud
Scammers pretend to be your CEO or senior representative in the organisation and trick you into paying a fake invoice or making an unauthorised transfer out of the business account.
Invoice fraud
Scammers pretend to be one of your clients/suppliers and trick you into paying future invoices into a different bank account.
Phishing/smishing/vishing
Scammers call you, send you a text message or an email to trick you into sharing your personal, financial, or security information.
Spoofed bank website fraud
Scammers use phishing emails purporting to be from a legitimate bank with a link to the spoofed website. Once you click on the link, various methods are used to collect your financial and personal information. The site will look like its legitimate counterpart, with small differences.
Romance scam
Scammers pretend to be interested in a romantic relationship. It commonly takes place on online dating websites, but scammers often use social media or email to make contact.
Personal data theft
Scammers harvest your personal information via social media channels.
Investment and online shopping scams
Scammers make you think they are offering a smart investment, or they present you with a great fake online offer

Learn more and get tips on how to protect yourself from cyber scams and what you can do if you are a victim of a cyber scam:

Press release

Wednesday, 17 October 2018: CEO Fraud

Thursday, 18 October 2018: Invoice Fraud

Friday, 19 October 2018: Vishing, Smishing & Phishing

Saturday, 20 October 2018: Spoofed Bank Websites

Sunday, 21 October 2018: Romance Scam

Monday, 22 October 2018: Personal Data Theft via Social Media

Tuesday, 23 October 2018: Investment Scams & Online Shopping

Links

Europol

Cyber Security Month

FMA