Questions: Financial institutions often make appeals to their customers to provide their bank account numbers, credit card details or login
True
False
Transcript text: Financial institutions often make appeals to their customers to provide their bank account numbers, credit card details or login
True
False
Solution
Answer
The answer is False.
Explanation
Financial institutions, such as banks and credit card companies, typically do not ask their customers to provide sensitive information like bank account numbers, credit card details, or login credentials through email. This is because such requests can be easily exploited by cybercriminals through phishing attacks. Phishing is a method used by attackers to trick individuals into providing personal information by pretending to be a trustworthy entity.
Option 1: True
This option is incorrect because legitimate financial institutions are aware of the risks associated with requesting sensitive information via email. They usually have secure methods for customers to provide such information, such as through encrypted websites or secure phone lines.
Option 2: False
This option is correct. Financial institutions often warn their customers about phishing scams and advise them never to share sensitive information through email. They emphasize using secure channels for any communication involving personal or financial details.