News

Be car­ef­ul of social media fraud - never forw­ard codes recei­ved in text messa­ges

Netöryggi
13 January 2023 - Landsbankinn

We want to warn our customers against cybercrime activity, especially attempts perpetrated through social media and messaging apps, which have been rampant of late.

The fraudsters try various approaches. Here’s one example:

Step 1
Cybercriminals hack and take over a private Facebook, Messenger or Instagram account.

Step 2
Next, they send messages to people on the hacked person’s friend list. The message encourages the recipient to participate in an online competition or game that requires that they send their phone number.

Step 3
The fraudsters will then go on to ask for your payment card number, validity period and CVC, all in order “to participate and receive winnings” - but of course, there is no game or prize. 

Step 4
If you send your phone number, you’ll get the reply that you’ll soon receive a text message with an authentication number or code which you’re asked to forward.

Step 5
The fraudsters use the payment card information you gave them to purchase goods/services (see step 3). To finalise payment, they need the code from the text messages (see step 4).

In many instances, these fraudsters manage to charge high amounts to cards using the method described above, even maxing them out. The loss can be significant.

This is just one example of the devious methods cybercriminals use. Please remember, never respond to such messages with your payment card number, login information to online banking or security code you get in a text, social media platforms or emails. If one of your social media contacts asks for such information, that person has almost certainly been hacked.

If you believe you’ve been the victim of cybercrime, contact your bank and the police without delay.

You may also be interested in
Höfuðstöðvar Alvotech
23 Jan. 2023

Landsbankinn Corporate Finance advisor to Alvotech in private placement

Earlier today, Alvotech announced the completion of a private placement in the equivalent amount of ISK 19.5 billion (USD 137 million). The shares were sold at a purchase price of ISK 1,650 per share (equivalent of USD 11,57 per share) to a group of domestic professional investors and eligible counterparties. The private placement was initiated on 19 January 2023 and completed on 22 January 2023. Closing and settlement is expected to take place on 10 February 2023. Alvotech intends to use the proceeds for general operations and other business purposes. Landsbankinn Corporate Finance and ACRO Securities acted as advisors to Alvotech in the private placement.
New temp image
18 Jan. 2023

Changes to fixed rates on new housing mortgages

Fixed rates on new non-indexed 36-month housing mortgages increase by 0.25 percentage points (pp) and fixed rates on new non-indexed 60-month housing mortgages by 0.10 pp. The changes enter into effect as at 19 January. These changes apply to new housing mortgages only and do not impact existing loans.
13 Jan. 2023

Key information about pension savings

In Iceland, all wage earners aged 16 to 70 are obligated to pay a percentage of their wages toward mandatory pension savings.
Íslenska ánægjuvogin
13 Jan. 2023

Landsbankinn tops the Performance Satisfaction Index the fourth year in a row

Landsbankinn was ranked highest by banking customers in the Icelandic Performance Satisfaction Index 2022. This is the fourth year in a row that the Bank receives this recognition.
Landsbankinn
12 Jan. 2023

Long-term loan from NIB in connection with Landsbankinn’s new headquarters

Landsbankinn has signed an agreement with the Nordic Investment Bank (NIB) providing for a 15-year USD 40 million (ISK 5.8 billion) loan in connection with the Bank’s new headquarters at Austurbakki, Reykjavík. The building is expected to achieve BREEAM Excellent certification and the loan is eligible for funding from NIB’s environmental bond proceeds.
Þorbjörg Kristjánsdóttir og Einar Pétursson
11 Jan. 2023

Einar and Thorbjörg to Landsbankinn Corporate Finance

Einar Pétursson and Thorbjörg Kristjánsdóttir have joined Landsbankinn Corporate Finance.
Jólamynd
22 Dec. 2022

Holiday opening hours

Our branches will be closed on the second day of christmas, Monday 26 December. Otherwise we will be open as usual. Of course, the app and online banking are accessible anytime and anywhere.
Partnership for Biodiversity Accounting Financials
19 Dec. 2022

Landsbankinn member of PBAF

Landsbankinn has become a member of the Partnership for Biodiversity Accounting Financials (PBAF), an association working to enable financial institutions to assess and disclose impact and dependencies on biodiversity of loans and investments. In total 47 financial institutions around the world have joined PBAF, with Landsbankinn as the first Icelandic actor to join. PBAF is an affiliate of Partnership for Carbon Accounting Financials (PCAF) which created a methodology that enables financial institutions to measure and analyse emissions from their credit and asset portfolios.
16 Dec. 2022

Strong customer authentication required to verify transfers in online banking

The verification process for domestic transfers from bank accounts in personal online banking now requires strong customer authentication (SCA). Previously, a security number sufficed.
Netöryggi
15 Dec. 2022

Stay alert online - fraudsters abound

We can’t overemphasise the importance of being careful when shopping and authorising payments online. It’s just as important to not react impulsively to messages received through various digital channels, such as by responding to information in text messages.
Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies