Security

security

2 min read

Background

ING provides the following general information to answer any concerns that you may have around the security of the internet, including online transactions. More specific information should be available from your bank, broker or ING representative.

ING makes every effort to provide optimal security of your data and of all transactions; for us protecting our clients is just good business. However hard we work there are risks online, and you can take some action to protect yourself. Here we provide some information to help you.

Latest key security issues

From time to time we will provide information on security related news items that we feel you should be aware of. These security updates will be presented on this page.


Bank Guarantee Fraud

Bank guarantee fraud involves bogus investment schemes that promise you quick riches if you invest in a fund that buys bank guarantees issued by prime banks such as ING.

The fraudsters will invite you to invest and will tell you that the bank guarantees will be bought at a discount and sold shortly afterwards at a huge profit. They will try to make the schemes appear legal and legitimate by showing you complex, sophisticated documents that appear to be official. They may tell you, falsely, that your investments will be secured by letters of credit, bank guarantees or other guaranteed certificates backed by the world’s major banks. They will claim that you will make high profits if you invest large sums in their schemes. As soon, however, as you part with your money, it will disappear – along with the investment company.

Do not respond to these emails. They are part of a fraud and you will not receive any of the promised money.


Fake job postings

A known recruiting scam, claiming to represent companies, invites people to apply for a “job” that turns out to actually be a form of money laundering. These types of employment offers are in no way associated with ING Group.

As criminals become more sophisticated, these e-mails may include your name and other personal information, making it more difficult to detect them as fraudulent.

If you receive any e-mails please don’t respond to them. If you have already responded, consider reporting the incident to the police.


Phishing

A phishing attack is an online fraud technique which involves sending official-looking email messages with return addresses, links and branding that all appear to come from legitimate banks, retailers, credit card companies, etc. Such emails typically contain a hyperlink to a spoof website and mislead account holders to enter customer names and security details on the pretence that security details must be updated or changed. Once you give them your information it can be used on legitimate sites to take your money.

It is important that you are suspicious of emails asking for your information; see more on ING’s standard email practices below.


Imitation of ING websites and Apps

ING monitors the internet to find imitation websites and apps, which are often the first step made by phishers. We then work with the appropriate international authority to get the websites closed down and Apps taken out of the App stores as quickly as possible – sometimes on the same day we find the website or App.

To report phishing attacks please send us an email.


Advanced Fee Fraud

You may already have heard of ‘advanced fee fraud’, where emails offering large sums of money are sent to thousands of email addresses, but a modest ‘fee’ was required in order to cover legal fees, open an account or pay customs charges. Sometimes the money offered is as a result of a lottery for which you have never bought a ticket. Sometimes the money is held in an account overseas but the account owner cannot access it, they promise a percentage of the money in return for your help. In both cases various fees have to be paid.

Do not respond to these emails. They are part of a fraud and you will not receive any of the promised money.

We place this warning here because we are aware that the criminals carrying out these frauds do on occasion use the name of ING or an ING subsidiary as part of this scam.