The Recent Netflix Phishing Scare And What It Means For You

Maybe you have seen it, maybe you haven’t – if you fall into the latter category, don’t quit reading.

An unknown cybercriminal or groups of cybercriminals have unleashed a large-scale phishing attack targeting Netflix customers. Customers with both active and expired subscriptions have received emails from seemingly-legitimate sources, with fraudulent emails informing consumers that their memberships will be discontinued in 48 hours unless they provide “Netflix” with their personal information.

Police Are Now Warning Consumers About The Phishing Spree

The Police Department of Grand Rapids, Michigan, informed residents of the widespread phishing attack through its Facebook page on Wednesday, January 31st.

Phishing is a type of cybercrime that lures unsuspecting Internet users into clicking links to mock-ups of websites. Once there, logged onto fake, fraudulent, illegitimate recreations of websites they’re likely familiar with, consumers typically enter their login credentials or other identifying personal information.

From there, cybercriminals can steal identities, use credit or debit cards without permission, or simply resell such information across the Internet.

In part, the popular emails read, “We were unable to validate your billing information for the next billing cycle of your subscription. We’ll suspend your. membership if we do not receive a response from you within 48 hours.”

What This Means For Netflix

Although Netflix is currently the worldwide leader in on-demand streaming services, and has been for some time, its shares of common stock have decreased by about $15 per share in the past four days.

While being associated with cybercrime – any type of crime, digital or not – is never positive, such attacks rarely put large organizations out of business.

Netflix is in no way associated with the scandal, aside from being targeted by cybercriminals posing as the organization’s representatives.

What You Can Take From This News

Believe it or not, the majority of modern cybercrime is leveraged against small businesses. Although news media sources rarely, if ever, circulate such publications regarding small businesses affected by cybercrime, small business owners should never think these attacks only happen to multinational corporations with billion-dollar income statements.

Always be wary of correspondence received from entities claiming to be those you’re familiar with. Make sure that the URL – the site address in the address bar atop your web browser – of every site you’re visiting actually belongs to the site you’re currently visiting or plan on logging on to.