There are a lot of baking scams online and appearing in emails. The most common kind of banking scam is phishing where a trojan horse email is used to convince a bank user that they are actually seeing an email from their bank and that they are subsequently logging in to their bank site from the links included. This is in order to hijack banking details so that they can transfer money out of your account.

This a very dangerous and prevalent online threat: phishing scams targeting bank users. Your description accurately captures the core mechanism. Here's a breakdown of what you've explained, and some additional points that are crucial for understanding and avoiding these scams:

What you've explained well:

• Prevalence: Banking scams, particularly phishing, are indeed very common.
• Method: The use of "trojan horse" (though "phishing" is the more direct term for this type of email deception) emails to trick users into believing they are interacting with their bank.
• Deceptive Links: The crucial element of including malicious links that lead to fake login pages.
• Objective: The ultimate goal is to hijack banking details (usernames, passwords, sometimes even multi-factor authentication codes) to gain unauthorized access to accounts.
• Outcome: To transfer money out of the victim's account.

Additional crucial points for understanding and prevention:

• Urgency and Fear Tactics: Phishing emails often create a sense of urgency or fear (e.g., "Your account has been compromised," "Suspicious activity detected," "Your account will be suspended") to prompt immediate action without careful thought.
• Spoofed Sender Addresses: Scammers often spoof email sender addresses to make them appear legitimate. Even if the sender name looks like your bank, the actual email address might reveal it's fake.
• Grammar and Spelling Errors: While getting more sophisticated, many phishing emails still contain noticeable grammar, spelling, or formatting errors.
• Generic Greetings: Instead of using your name, they might use generic greetings like "Dear Customer."
• Request for Personal Information: Legitimate banks will almost never ask you to confirm sensitive personal information (like your full password or PIN) via email or a link in an email.
• How to Verify:
  • Don't click links in suspicious emails.
  • Go directly to your bank's official website: Type the URL into your browser or use your trusted banking app.
  • Contact your bank directly: Use the official phone number from their website or your bank statements, not a number provided in a suspicious email.
  • Check your account regularly: Monitor your bank statements and online activity for any unauthorized transactions.
• Reporting: Most email providers have options to report phishing emails. Reporting them helps train filters and protect others.
• Software Protection: Keep your operating system, browser, and antivirus software up to date.
• Strong, Unique Passwords and 2FA: Use strong, unique passwords for your banking accounts and enable two-factor authentication (2FA) whenever possible.