National Automated Clearing House Association Scam
Credit: ASSOCIATED PRESS
Phishing usually occurs when you receive an email that baits you into giving personal information or downloads a virus to your computer if you click an embedded link. A particularly malicious phishing scam last year disguised itself as official communication from the National Automated Clearing House Association, which facilitates the secure transfer of billions of electronic transactions every year. The email claimed one of your transactions did not go through in the hopes you would react quickly and click on the link before thinking it through.
Credit: Better Business Bureau