'NCUA' phisher spoofs share insurance rule

WASHINGTON (4/18/06)--The latest phishing scam tries to lure unsuspecting victims by encouraging them to read new share insurance rules from the National Credit Union Administration (NCUA).

The phishing e-mail, titled "Important Share Insurance and Appendix Rule," asks recipients to read the new regulations.

It reads: "NCUA issues interim rule on amending share insurance coverage.

"Please take a moment and read NCUA Recent Final Regulations. This Rule refferes (sic) to Share Insurance and Appendix and already (sic) applies to all cases.

"Click on the link bellow (sic) to get to the new regulation PDF."

Although the link has ncua.gov in its title, it leads the user to spoof site. This follows yet another recent scam using NCUA's moniker. The e-mail claimed a new credit union member database is being created and tells the recipient to enter their personal information for inclusion in the database (News Now March 31). NCUA does not solicit personal information by e-mail. It asks that suspect e-mails be forwarded to Phishing@ncua.gov. People who receive such e-mails should not click on the links in the message. Instead, delete the message. Recipients of these e-mails may also report the incident to local law enforcement and the Internet Fraud Complaint Center at ncua@ic3.gov.

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