An Ontario university student lost $3,000 after clicking on a link that appeared to be a notice from CIBC to check her online banking.
Toronto student Elisha Manila said she clicked on a link in a text she received and thought it was taking her to her online bank account.
"Next thing you know, one or two hours later I get an email from CIBC saying I successfully e-transferred these people $3,000,” said Manila, adding, “I was dumbfounded. I didn't think I would fall victim to one of these things." “We will never ask a client in a text or email message to click a link to confirm personal information, complete a transaction or resolve a security issue.”
"They are going to get you to execute something, to react to something or click on something you normally wouldn't do, in order to capture your computer to get you to pay a ransom or get into your online banking," said Young.
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