You are being targeted by Search engine optimization (SEO) scams.

Featured Post | Published at Mar 13, 2024, 8:00 PM in finance by Buğra Bakan

We wanted to bring to your attention a recent alert from Schwab regarding potential security threats that could affect your online interactions. Scammers are employing search engine optimization (SEO) techniques to create deceptive websites that may appear in search results when you're looking for trusted institutions like Schwab.

Here's a brief overview of how these scams operate:

  • Sophisticated fraudsters use advanced methods to craft websites that can show up prominently in search engine results when users search for Schwab or other reputable institutions. These websites are designed to look legitimate, often leading users to believe that the top search results are the most trustworthy.
  • The phishing tactic involves tricking users into clicking on these seemingly legitimate websites. Once on the phishing site and attempting to log in with their credentials, clients might encounter an error message claiming a login issue. The message prompts users to contact a hotline number provided for further assistance.
  • If the client contacts the fraudulent number, the scammer, posing as a Schwab representative, may falsely claim a security breach and an attempt to steal money from the client's account. Subsequently, the client may be urged to download software to their device.
  • The overall goal of these scams is to gain access to the device, enabling the perpetrators to carry out additional fraudulent activities, potentially leading to unauthorized transactions and identity theft.

To help fight these schemes, you can do the following:

We advise you to exercise caution and remain vigilant when interacting with online platforms. If you have any concerns or encounter suspicious activity, please reach out to us directly for assistance.