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High
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A Look into Deceptive Practices Targeting Bank Customers
Malicious actors have been quick to capitalize on the situation by setting up fake or replica versions of corporate banking websites.
Severity: HIGH
Published: December 10, 2023
Reference: WHNG-ADV-20231210-CC0996BC
Alert: Deceptive Practices Targeting Bank Customers
Overview
These malicious actors have been quick to capitalize on the situation by setting up fake or replica versions of corporate banking websites to deceive individuals into divulging their personally identifiable information.
Example of Deceptive Tactics

The image above shows an example of how threat actors create convincing fake websites to harvest credentials.
Attack Methodology
Phishing Infrastructure
- Domain Registration: Typosquatting and look-alike domains
- Website Cloning: Pixel-perfect copies of legitimate bank sites
- SSL Certificates: Free certificates to display the padlock icon
- Hosting: Bulletproof hosting to avoid takedowns
Distribution Channels
- SMS phishing (Smishing)
- Email phishing campaigns
- Social media advertisements
- Search engine manipulation
- WhatsApp messages
Observed Targets
Several Nigerian banks have been impersonated:
- First Bank
- GTBank
- UBA
- Access Bank
- Zenith Bank
- And others
Red Flags
URL Indicators
- Misspellings in domain names
- Extra characters or hyphens
- Unusual TLDs (.xyz, .online, etc.)
- IP addresses instead of domains
Page Indicators
- Requests for full card details including CVV
- Requests for OTP or tokens
- Grammar and formatting errors
- Missing or broken features
Protective Measures
For Customers
- Always type bank URLs directly—never click links
- Verify the SSL certificate details
- Use official banking apps
- Enable transaction alerts
- Never share OTPs with anyone
For Banks
- Implement domain monitoring
- Rapid takedown procedures
- Customer awareness campaigns
- SMS sender ID protection
- Email authentication (DMARC)
Response
If you've entered information on a fake site:
- Contact your bank immediately
- Change your passwords
- Monitor your accounts
- Report to authorities
WhiteHat NG Banking Security Alert