NFA Warns About New Phishing Campaign Impersonating Its Staff

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The US National Futures Association, or NFA, has given out a new warning. It seems that some sort of malicious entity has been sending out emails impersonating NFA staff, contacting potential market participants. This was revealed by way of an NFA regulatory statement.

NFA Sees eMails From Copycat Domain

As for the phishing scam itself, it seems to be from the @nfa-futures.org source domain name, requesting various victims to make an immediate response. The main premise behind this latest mass-email scam is that victims, primarily broker-dealers, are prompted to fill out a fraudulent NFA form with the email. This is eerily similar to a phishing campaign that was launched back in October of last year. It seems the Chicago-based regulator has an active malicious actor against them.

In the public notice the NFA had posted today, the US watchdog warned all its investors to be incredibly vigilant when it comes to any requests made via email. The brutality of the phishing campaign becomes clear once you realize that the verified, official members of the NFA send emails by way of the @nfa.futures.org domain.

A single symbol between it and the scam domain, misread out of habit and accident, could cost a broker-dealer their entire operation. The NFA boasts various other domains, as well, such as @nfa-swaps-proficiency-requirements.moonami.com or @nfa.futures.org and nfanotifications@mailer.nfa.org. As always, the NFA urged users to deeply scrutinize any email address from received emails.

Warnings To Notify Firms Immediately

The NFAO also warned that if you clicked on any link or image from these types of emails, the firm should be notified immediately. These days that’s all that’s needed for a breach in the security system, and is the story of many hacked firms.

The amount of money flowing through the finance industry, even the US futures industry on its own, is an incredible amount. As one would imagine, this has caused the unfortunate effect of criminals, scammers, and various malicious actors within the space all striving to steal the money within the system.

The Sad Facts About The Finance Space

The success of these things is generally based on the “quantity over quality” mantra. Usually, these malicious actors target private individuals, and they typically succeed, as sad as it is. To quote Yosemite Park Ranger, “There is a considerable overlap between the intelligence of the smartest bears and the dumbest tourists.”

In the park ranger’s case, it results in them being unable to properly bear-proof the park’s garbage, which bears often break into. In the financial world’s case, there will always be that one person that’s never heard of the age-old Nigerian Prince scam, and will ultimately fall for it

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