Highlights St. Kitts-Nevis-Anguilla National Bank that the e-mails typically direct the recipients that they must "confirm," "validate" or "update" their account details via following an embedded web-link on the messages. But the web-link actually takes them onto certain bogus phishing site, which exactly resembles the original website of the National Bank. And users, who become convinced with the trick and thus input personal details into the fake site, simply lose their identities to fraudsters who would then use those details to carry out illegal business deals, the Bank explains.

Thus, it (the Bank) is alerting all its accountholders to remain wary of the e-mails and in case they receive one, they must be careful and avoid following any given link alternatively replying to it. Thestkittsnevisobserver.com reported this on January 6, 2011.

In fact, according to the Bank, it won't ever ask clients to provide their usernames, passwords, other confidential particulars or security details through e-mail in the manner the newly circulating fake e-mails ask.

Besides, the Bank has also advised clients to send the e-mails that they doubt aren't from St. Kitts-Nevis-Anguilla National Bank to This e-mail address is being protected from spambots. You need JavaScript enabled to view it before erasing them completely out of their mailboxes.

In the meantime, it's because of the above kind of phishing scams that there is a tremendous growth in phishing while frauds during Internet banking are becoming manifold worldwide. Incidentally, Information Security Media, the website for risk management and information security, recently carried out a survey based on which some specialists computed that Internet banking frauds like account compromises and phishing yielded an annual business of $1bn. The research also discovered that phishing was currently classified as the No.3 fraud that the 230 banks polled encountered, with 48% of responding banks reporting about phishing attacks on them during 2010.